Which of the Following Is True Regarding Contract Validity

Question 118
Multiple Choice

Which of the following is true regarding contract validity? A) A void contract is one where a party has the option to avoid his or her contractual liability. B) A voidable contract is one in which a party may avoid his or her obligation under the contract. C) A voidable contract is one that has no legal effect because one of the essential elements is missing. D) An executory contract is unenforceable. E) A unilateral contract is unenforceable.