If one or both of the parties have the ability to either withdraw from the contract or enforce it, without breaching the contract, the contract is ________.
A) Voidable
B) Executory
C) Implied
D) Executed
E) Void

Question

Quizplus · Accepted Answer

A voidable contract is one where one or both parties have the legal right to either enforce or cancel the contract at their discretion without facing legal penalties. This characteristic distinguishes it from the other types of contracts listed.

If One or Both of the Parties Have the Ability