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:

Meeting

A gathering of two or more people for the purpose of discussing and/or acting upon matters of common interest.

Incorporators

Individuals involved in the formation of a corporation who sign its articles of incorporation and may become initial shareholders.

Corporate Articles

Legal documents filed with a state government to officially form a corporation, outlining its structure and purpose.

Appoint

To assign a job or role to someone.