Which of the following statements is the best description of an 'unenforceable' 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

An 'unenforceable' contract is one where, despite the agreement being valid and having all the elements of a contract, no legal action can be taken to enforce it, often due to the lack of a necessary formality (e.g., not being in writing when required).

Which of the Following Statements Is the Best Description of an 'Unenforceable