A contract that one party retains the exclusive right to cancel at any time is unenforceable.

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Quizplus · Accepted Answer

A contract where one party has the exclusive right to cancel at any time is known as a unilateral contract. Unilateral contracts are generally unenforceable because they lack mutual consideration and may be considered illusory. Without mutual consideration, a contract cannot be legally binding. Therefore, a contract that allows one party to cancel at any time is unenforceable.

A Contract That One Party Retains the Exclusive Right to Cancel