A voidable contract
A) is one that a court may set aside in an attempt to restore the parties to their original positions.
B) is a contract that is void.
C) is a contract that has been frustrated.
D) is a contract in which the offeree failed to undertake the proper investigations.
E) is a contract in which the parties have engaged in conduct that is illegal.

Question

Quizplus · Accepted Answer

A voidable contract is a contract that is valid and binding, but one or both parties have the option to cancel or void the contract at any time. This may be due to fraud, misrepresentation, duress, undue influence, or mistake. If one party decides to void the contract, a court may set it aside and attempt to restore the parties to their original positions.

A Voidable Contract