A Valid Contract May Be Unenforceable for Which Reason(s)

question 66

Multiple Choice

A valid contract may be unenforceable for which reason(s) ?

• A) Failure to satisfy the Statute of Frauds
• B) Running of the Statute of Limitations
• C) Lack of capacity
• D) All of these reasons

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Definitions:

World Regions

Geographical areas distinguished by physical, political, social, or economic criteria.

Cultural Change

The transformation of society or cultural norms over time, which can be driven by various factors including technology, economy, politics, and social movements.

Mutual Constitution

The process by which individuals and societal structures influence and shape each other reciprocally.

Cognitive Revolution

A shift in psychology that occurred in the 1950s and 1960s, focusing on the study of how people think, perceive, remember, and learn.