Byron and Merv enter a contract for the sale of a computer. If Merv breaches the contract and Byron waits until the time specified in the statute of limitations has passed, the contract is now:
A) void.
B) unenforceable.
C) voidable.
D) executory and enforceable.

Question

Quizplus · Accepted Answer

The contract is now unenforceable because Byron waited too long to seek legal action after Merv breached the contract. The statute of limitations sets a time limit for how long a party can wait before bringing a lawsuit. Once that time expires, the contract becomes unenforceable, but it is not void or voidable.

Byron and Merv Enter a Contract for the Sale of a Computer