A Contract Is Voidable Only When Both of the Parties

question 3

True/False

A contract is voidable only when both of the parties lack the capacity to contract.

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Definitions:

Homeless

Individuals or families lacking stable and permanent housing.

Reciprocal Trade Agreements Act

A 1934 U.S. law that allowed the president to negotiate tariff reductions with other countries to promote international trade.

American Tariffs

Taxes imposed by the United States on imported goods to protect domestic industries and generate revenue.

Economic Diversification

The process of expanding an economy to include a wider array of industries and services to reduce dependence on any single economic sector.