A(n) _____ contract is an agreement that results in an obligation that is legally enforceable.
A) void
B) valid
C) voidable
D) invalid

Question

Quizplus · Accepted Answer

A valid contract is an agreement that is legally enforceable and creates obligations for both parties involved. A void contract is not legally binding, a voidable contract is one that can be either affirmed or rejected by one of the parties, and an invalid contract is one that is missing a required element of a contract, such as consideration.

A(n) _____ Contract Is an Agreement That Results in an Obligation