A proposal that is both offered by the offeror and accepted by the offeree is a contract which is:
A) void.
B) invalid.
C) valid.
D) voidable.

Question

Quizplus · Accepted Answer

A contract that is offered by the offeror and accepted by the offeree is a valid contract because it meets all the requirements of a legally binding agreement, including mutual assent, consideration, and a lawful purpose. A void contract is one that is legally unenforceable from the outset due to an illegal purpose or incapacity of one of the parties. An invalid contract is one that lacks one or more of the necessary elements of a valid contract, such as mutual assent or consideration. A voidable contract is one that can be avoided or rescinded by one of the parties due to a defect or flaw in the agreement, such as fraud, undue influence, or mistake.

A Proposal That Is Both Offered by the Offeror and Accepted