A voidable contract is a contract that,
A)like a void contract,never exists so as to give rise to rights under it.
B)unlike a void contract,cannot be rectified.
C)unlike a void contract,exists but does not give rise to legal rights.
D)unlike a void contract,exists but can only be set aside by agreement of the parties to it.
E)unlike a void contract,exists but can be set aside at the option of one of the parties to it.

Question

Quizplus · Accepted Answer

A voidable contract is one that exists, but can be set aside at the option of one of the parties to it. This is in contrast to a void contract, which never existed and thus cannot give rise to rights under it. A voidable contract can usually be set aside if there was some sort of defect or problem with the formation of the contract (such as fraud, duress, or mistake).

A Voidable Contract Is a Contract That