Question: Homer, a purchasing agent for Springfield Nuclear Power, Inc., ( SNPI ) , engages in fraud to obtain an agreement from Tony, a representative for
Homer, a purchasing agent for Springfield Nuclear Power, Inc., SNPI engages in fraud to obtain an agreement from Tony, a representative for United Business Company United to enter into a contract to purchase from United widgets for SNPI at far below their fair market value. The contract is
not valid because Tony was a minor
valid and enforceable because the four requirements for forming a contract agreement, consideration, legality and capacity are met.
unenforceable because a contract procured by fraud lacks "mutual assent"
none of the above
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