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Saturday, 18 January 2020
Agent Resource Center
Agent Resource Center

Question: A voidable contract is:

Written by Posted On Thursday, 09 January 2020 05:00

(A) Unenforceable
(B) Illegal
(C) Enforceable
(D) Valid until some action is taken to void it

 

Answer:  (D)  “Voidable” indicates the contract is binding on both parties until some action is taken by the wronged party to unilaterally rescind the contract.

Read 443 times Last modified on Friday, 22 November 2019 16:22
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