Some parties,when entered into a(n)________ contract,may choose to cancel the contract.

Question

Quizplus · Accepted Answer

A voidable contract is a valid contract that can be canceled by one or both parties involved. This may happen when one party is under duress, is lacking capacity to enter into the agreement, or when the contract was entered into based on misrepresentations. The contract is not automatically canceled but may be canceled by either party if they choose to do so. Therefore, the best choice is (C) voidable.

Some Parties,when Entered into A(n)________ Contract,may Choose to Cancel the Contract