Question: A contract that has all the required elements and is binding on the parties is a ( n ) contract. Multiple Choice unenforceable valid void

A contract that has all the required elements and is binding on the parties is a(n)
contract.
Multiple Choice
unenforceable
valid
void
voidable
void and voidable
A contract that has all the required elements and is binding

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

I. Identification . Identify the concept or principle which the following statements define or expound. Be specific with your answers. 1.It is an act whereby a person is permitted with the...

Q:

1) The Statute of Frauds requires that all of the following types of contracts be in writing EXCEPT: Promises to pay the debt of another Promise to do plumbing project Contracts involving the sale of...

Q:

The task for this post is to, again as a class, come up with a solution to a legal hypothetical. The instructions for this discussion forum are similar to the ones given to you in the Tort Law forum...

Q:

A ( n ) contract is one that may be canceled by one of the parties. Multiple Choice unenforceable valid void voidable Prev 9 of 1 0 Nent

Q:

A contract that has all the required elements and is binding on the parties is a voidable contract void contract valid contract unenforceable contract void and an avoidable contract

Q:

A ( n ) _ contract is legally binding and fully enforceable by the court. Multiple Choice unenforceable voidable void valid admiralty 3 of 1 0 Next 6 3 8 2 2 , 0 0 7 MAY 1 0 ( Q ) : ' 2 c ctv

Q:

An illegal contract, such as a mafia "hit" contract, is an example of a ( n ) contract. Multiple Choice unenforceable void valid voidable express

Q:

A contract in which one party may either disaffirm or enforce a contract is Multiple Choice unenforceable valid enforceable void voidable

Q:

Please help me answer the following items 54 to 100, just follow the numberings for easy for,at sorry if its not well arrange. 54. 1. The general rule is that no formality is required for a contract....

Q:

OBLICON 1.The creditor becomes the owner of the thing given by the debtor -application of payment -compensation - payment by cession -dation in payment 2. In ___there is only one person who is a...

Q:

Providence Industries has an outstanding debenture of $30 million that was issued when flotation costs could be expensed immediately. It carries a coupon rate of 10 percent and has 15 years to...

Q:

Over a 40-year period an asset had an arithmetic return of 11.7 percent and a geometric return of 9.6 percent. Using Blumes formula, what is your best estimate of the future annual returns over 5...

Q:

The Pension Benefit Guaranty Corporation ( PBGC ) insures pension benefits against the under - funding of pension plans by corporations. True False Clear selection

Q:

-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent...