Asked by Vanessa Huynh on Jun 24, 2024
Verified
Saul claims that his agreement with Teri for saxophone lessons is voidable. If this contract is avoided, both parties
A) are released from it.
B) must fully perform their obligations under it.
C) effectively postpone their obligations to fulfill it.
D) are proscribed from making another contract on the same subject.
Voidable
Describes a legal transaction or agreement that may be nullified or rescinded by one or more parties.
Released
The action of freeing someone or something from a constraint, obligation, or legal liability.
Obligations
Duties or commitments that an individual or entity is legally or morally bound to fulfill.
- Identify the consequences of contract avoidance.
Verified Answer
HZ
Hengrui ZhangJun 27, 2024
Final Answer :
A
Explanation :
When a contract is voidable and is successfully avoided, both parties are released from their obligations under it. This means neither party is legally bound to perform any duties that were stipulated in the contract.
Learning Objectives
- Identify the consequences of contract avoidance.