Which of the following is true regarding contract validity?
A) A void contract is one where a party has the option to avoid his/her contractual liability.
B) A voidable contract is one in which a party may avoid his/her obligation under that contract.
C) A voidable contract is one that has no legal effect because one of the essential elements is missing.
D) An executory contract is also unenforceable.
E) A unilateral contract is unenforceable.
Correct Answer:
Verified
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