QuestionMay 3, 2025

A contract that may be legally avoided by one or both parties is known by what term? Bad Enforceable Avoidable Voidable

A contract that may be legally avoided by one or both parties is known by what term? Bad Enforceable Avoidable Voidable
A contract that may be legally avoided by one or both parties is known by what term?
Bad
Enforceable
Avoidable
Voidable

Solution
4.0(159 votes)

Answer

Voidable Explanation A contract that can be legally avoided by one or both parties is referred to as "voidable." This means that the affected party has the option to affirm or reject the contract without legal consequences.

Explanation

A contract that can be legally avoided by one or both parties is referred to as "voidable." This means that the affected party has the option to affirm or reject the contract without legal consequences.
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