Question: A voidable contract is a contract in which one or both of the parties have the option of avoiding their legal obligations. T or F

A voidable contract is a contract in which one or both of the parties have the option of avoiding their legal obligations. T or F

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:

A voidable contract is a contract in which one or both of the parties have the option of avoiding their legal obligations.

Q:

A voidable contract is a contract in which one or both of the parties have the option of avoiding their legal obligations. True False

Q:

Question 6:The apparent intent to enter into a contract is determined by reference to: (a)The objective theory of contracts (b)The subjective theory of contracts (c)The conscious intent theory of...

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:

For questions 1-15, answer whether the contract is: A. Void B. Voidable C. Rescissible D. Unenforceable 1. A contract of sale where one party is a minor. 2. A contract undertaken in fraud of...

Q:

1. To register a trademark a. a trademark lawyer must first be consulted. b. an application must be filed with the U.S. Department of Commerce. c. the trademark must be used at least 6 months before...

Q:

Vivienne is a former college athlete for Longhorn A&M . Since graduating, Vivienne earns her living offering coaching lessons to high school students who hope to land a college athletics scholarship....

Q:

Three questions about law, i have no idea. The nature of a contract does not include which of the following? O The freedom of parties to agree to terms that meet their legal requirements O The...

Q:

A voidable contract O has legal effect, but one party may end the contract. o is not legally binding, but the parties can agree to continue to perform O can be enforced against anyone. O has legal...

Q:

1- Directions:Please answer the following questions: (i) What is the difference between a void contract, voidable contract, and a valid contract? (ii) One of the requirements for a valid contract is...

Q:

In each of the following situations, state whether it is a correctly stated hypothesis testing problem and why (a) H0: = 25, H1 != 25 (b) H0: > 10, H1: = 10 (c) H0: x = 50, H1: x != 50 (d) H0 L p =...

Q:

An aging physics professor discovers that he can see objects clearly only between 0.75 m and 2.5 m so he decides he needs bifocals. The upper part of the lens allows him to see objects clearly at...

Q:

Based on the information below, what is the firm's optimal capital structure? a . Debt = 8 0 % ; Equity = 2 0 % ; EPS = $ 3 . 4 2 ; Stock price = $ 3 0 . 4 0 . b . Debt = 7 0 % ; Equity = 3 0 % ; EPS...

Q:

Make a statement of cashflows in good form. X X M Inbox 2,50 x M Logistics : * Course: ST: X|MyDrive- x B Group 2 Pex Course ID: Cth Moodle X C Get HomeX C Photos Screx Interview X + ....