Question: Identify these hypotheticals as either a Valid Contract, Void Agreement, Voidable Contract, or an Unenforceable Agreement. 1. Bill bought a property from Harry through a

Identify these hypotheticals as either a Valid Contract, Void Agreement, Voidable Contract, or an Unenforceable Agreement.

1. Bill bought a property from Harry through a written contract for sale. Seven years after the purchase Harry wanted to claim that the contract was unenforceable. The statute of limitations for written contracts in Oregon is six years.

2. A contract that was between an illegal drug dealer and an illegal drug supplier to purchase a specified amount of drugs for a specified amount.

3. A homeowner (who is over the age of 18 and of sound mind) signed a contract with the appliance store to buy a refrigerator. The homeowner pays for the refrigerator and the appliance store presents the refrigerator for the home owner to take home.

4. A tuxedo shop enters into a contract with Josh to rent him a tuxedo for the prom. Josh never returns the tuxedo. He decides to keep it to wear on his 18th birthday when his parents take him out to dinner in Manhattan. The tuxedo shop attempts to enforce the contract and payment in full for the tuxedo per its terms.

5. Mary bought a house from Pete using a written purchase and sale agreement. After taking possession, Mary discovers a small leak in a pipe in the crawl space of the house, but does not take any action against Pete for four years.

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