Asked by Alyssa Longmire on Jun 26, 2024
Verified
A contract in which one or more of the parties have the legal right to cancel their obligations under the contract is called a(n) :
A) void contract.
B) valid contract.
C) voidable contract.
D) unenforceable contract.
Voidable Contract
A legal agreement that may be considered invalid upon the request of one of the parties due to certain defects, such as misrepresentation or lack of capacity at the time of execution.
- Gain an understanding of the legal foundations that distinguish between void, voidable, and unenforceable contracts.
Verified Answer
HN
Huzaif NaeemJun 27, 2024
Final Answer :
C
Explanation :
Voidable contracts are those in which harmed parties have the legal right to cancel their obligations under the contract.
Learning Objectives
- Gain an understanding of the legal foundations that distinguish between void, voidable, and unenforceable contracts.