What could potentially void a contract?

A contract can potentially be voided if one party is deemed incompetent, as this affects their ability to understand and engage in the terms of the agreement. In legal terms, competence refers to a person's mental ability or capacity to consent to a contract. If one party is found to be mentally incapacitated, a minor, or under the influence of substances at the time of signing, the contract may be considered voidable. This means that the incompetent party has the right to void the contract because they could not fully comprehend the implications of their decision or provide informed consent.

In contrast, while changes in market value, new zoning regulations, and lack of cash for a down payment may complicate the performance of a contract or cause difficulties in fulfilling its terms, they do not render the contract void. Market fluctuations and zoning changes impact the value or use of the property but do not affect the foundational validity of the contract. Similarly, while not having cash for a down payment may lead to contract issues, it does not legally void the contract unless specified terms were not met prior to execution or are contingent upon that condition.