Asked by Briana Arredondo on May 06, 2024
Verified
A contract where formation was induced by duress is an example of a contract that is:
A) void.
B) voidable.
C) unenforceable.
D) executory.
Duress
A condition where a person performs an act as a result of violence, threat, or other pressure against them, raising questions about the voluntariness of the act.
Voidable
Capable of being made void; not utterly null, but annullable, and hence that may be either voided or confirmed. See also void.
- Acquire insight into the legal concepts that separate void, voidable, and unenforceable contracts.
Verified Answer
SF
sianni faustMay 09, 2024
Final Answer :
B
Explanation :
Voidable contracts are those in which one or more of the parties have the legal right to cancel their obligations under the contract.For example,a contract that is induced by fraud or duress is voidable (cancelable)at the election of the injured party.
Learning Objectives
- Acquire insight into the legal concepts that separate void, voidable, and unenforceable contracts.