Asked by Martin Sanchez on Jul 04, 2024
Verified
Adonia and Merv enter a contract for the sale of a computer. If Merv breaches the contract and Adonia 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.
Statute of Limitations
A law which sets out the maximum period one can wait before filing a lawsuit, depending on the type of case or claim.
Unenforceable
A term that describes a contract or clause that, due to certain defects or legal principles, cannot be legally compelled or enforced by a court.
- Identify instances where a contract can be nullified owing to significant misrepresentation.
- Comprehend how the Uniform Commercial Code (UCC) is applied to sales contracts for goods.
Verified Answer
KJ
Khalid JijakliJul 07, 2024
Final Answer :
B
Explanation :
When the statute of limitations on a contract has expired, the contract becomes unenforceable. This means that while the contract itself remains valid, the law will no longer support legal action to enforce it.
Learning Objectives
- Identify instances where a contract can be nullified owing to significant misrepresentation.
- Comprehend how the Uniform Commercial Code (UCC) is applied to sales contracts for goods.
Related questions
Alfred Makes a Material Misrepresentation of Fact to Betty, and ...
Steven Makes a Material Misrepresentation of Fact Regarding His Motorcycle ...
The Uniform Commercial Code Assumes That the Seller Has Valid ...
What Law Does the Judicial System Rely on to Clarify ...
According to the Uniform Commercial Code,if Goods Are Identified at ...