A legally binding contract that can be terminated at the option of one of the parties is called:
A) an executed contract
B) a formal contract with an escape clause
C) a voidable contract
D) a void contract
E) a parol evidence contract

Question

Quizplus · Accepted Answer

A voidable contract is one where one or more parties have the option to terminate the contract due to certain circumstances, such as misrepresentation, fraud, undue influence, or being a minor at the time of entering the contract.

A Legally Binding Contract That Can Be Terminated at the Option