Which of the Following Contracts Are Usually Voidable

question 53

Multiple Choice

Which of the following contracts are usually voidable?

• A) Contracts entered into as a result of fraud, but not duress or undue influence.
• B) Contracts entered into as a result of duress or undue influence, but not fraud.
• C) Contracts entered into as a result of undue influence or fraud, but not duress.
• D) Contracts entered into as a result of fraud or duress, but not undue influence.
• E) Contracts entered into as a result of fraud, duress, or undue influence.

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Definitions:

Circumstances

Circumstances refer to the specific conditions or facts affecting a situation, event, or decision-making process at a given time.

Goodwill

An intangible asset that arises when a business is purchased for more than the fair market value of its net assets, reflecting the value of the business’s reputation, brand, and other unquantifiable assets.

Acquiree

A company that has been bought or acquired by another company.

Business Combination

The process of bringing together separate companies or entities into one larger organization through mergers, acquisitions, or consolidations.