A Voidable Contract

question 9

Multiple Choice

A voidable contract

• A) is one that a court may set aside in an attempt to restore the parties to their original positions.
• B) is a contract that is void.
• C) is a contract that has been frustrated.
• D) is a contract in which the offeree failed to undertake the proper investigations.
• E) is a contract in which the parties have engaged in conduct that is illegal.

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Definitions:

Buyers

Individuals or organizations that purchase goods or services for personal use, resale, or production of other goods and services.

Sellers

Individuals or entities that offer goods or services in exchange for financial compensation.

Supply Schedule

A table that shows the relationship between the price of a good and the quantity of that good a seller is willing to supply to the market at various prices.

Sellers

Individuals or entities that offer goods or services for sale in the marketplace.