Question: A void contract: Is a contract that one or both parties can cancel at their option? Is a contract, even though the courts will not

A void contract:

Is a contract that one or both parties can cancel at their option?

Is a contract, even though the courts will not enforce it.?

Creates no legal obligations.?

Is a contract that is created by operation of law rather than by the agreement of the parties.?

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:

Harris Corp. is a technology start-up currently in its second year of operations. The company didn't purchase any assets this year but purchased the following assets in the prior year: Placed in...

Q:

1. If no Code rule applies to an issue regarding a sale of goods contract, the common law rules apply. a. True b. False 2. A void contract is a contract that one or both parties may cancel, at their...

Q:

1. Saul orally agreed to sell Ramie some land for $500,000. Ramie paid Saul the $500,000; Saul gave Ramie the deed to the land. Ramie took possession of the land and began building a cabin on it. One...

Q:

Please, Do short brief ( Just few notes ) (Inntro, body, conclu), comprising the most important takeaways of this short text. Thank you. 30 PART TWO: INTERNATIONAL SALES, CREDITS AND THE COMMERCIAL...

Q:

Do short brief ( intro, body, conclu ), ( Just Few Notes ), comprisinng the most important takeaways of this text. Thank you. 30 PART TWO: INTERNATIONAL SALES, CREDITS AND THE COMMERCIAL TRANSACTION...

Q:

Please, Do short brief ( Just few notes ) (Inntro, body, conclu), comprising the most important takeaways of this short text. Thank you very much. 30 PART TWO: INTERNATIONAL SALES, CREDITS AND THE...

Q:

Richard Mudd, an employee of Compuserve, is called for jury duty in Wayne County, Michigan. His immediate supervisor, Harvey Lorie, lets him know that he "must" avoid jury duty at all costs. Mudd...

Q:

MCQ: answer the question , only one answer is correct in each question Q1: In which criminal court does a jury sit in? 1//High Court 2// Magistrates' Court 3// County Court 4// Crown Court Q2 : When...

Q:

Which of the following statements is correct? * A. Magistrates only hear family cases. B. Magistrates are always solicitors. C. Magistrates do not usually have any specific legal qualification D....

Q:

Quasi Contract This assignment has two purposes. The first is to demonstrate how Precedent is used to resolve cases. Remember that Precedent states that similar situations should be resolved...

Q:

8. EcoGrow Inc, contractually agreed to deliver two tons of organic fertilizer on March 16 to Organics Inc. The contract provided for payment of $1,000 for each day delivery was delayed. An ice storm...

Q:

As a leader or manager in the public sector there will come times when you are faced with ethical decisions that you must make. Imagine that you are the duty chief working on Super Bowl Sunday for a...

Q:

Mycorrhiza is correctly described as (a) parasitic association between roots and some fungi (b) symbiotic relationship between fungi and roots of somehigher plants (c) symbiosis of algae and fungi...

Q:

What is loss contingency? A statement in the auditor's report that is required by generally accepted audi Lack of confidence in the audit process that intended users place in the finand An existing...

Q:

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...