Which of the Following Is True of Enforcing a Contract

question 52

Multiple Choice

Which of the following is true of enforcing a contract?

• A) A contract is only considered valid if it is enforceable by both parties.
• B) Parties may voluntarily perform a contract that is unenforceable.
• C) In an unenforceable contract, at least one party has the option to void his or her contractual obligations.
• D) Void contracts are enforceable in cases involving mutual mistakes.

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Definitions:

Competitive Advertising

A marketing strategy where a company promotes its product by comparing it with similar products of competitors.

Target Market

A specific group of consumers identified as the recipients of a particular marketing campaign or strategy, based on shared characteristics or needs.

Brand's Values

The core principles and ethical standards that represent a brand's identity and guide its actions and decision-making processes.

Reinforcement Ads

Advertising designed to reinforce or remind consumers of the brand's value proposition, benefits, or the positive experiences associated with the product or service.