Which of the following statements is the best description of a 'void' contract?
A)The contract remains valid and binding unless and until it is repudiated by the injured party.
B)There are no legal rights or obligations from the outset,and the contract cannot be enforced by either party.
C)While the contract is valid on its face,no legal action can be brought on it.
D)The purpose of the contract contravenes a statute or the common law.

Question

Quizplus · Accepted Answer

A 'void' contract is one where there are no legal rights or obligations from the outset, making it unenforceable by either party. This is because it lacks one or more of the essential elements required for a valid contract.

Which of the Following Statements Is the Best Description of a 'Void