What Is the Difference Between a Valid Contract and a Void

question 24

Essay

What is the difference between a valid contract and a void contract?

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Definitions:

Municipal Bonds

Debt securities issued by municipalities to fund public projects like schools, highways, and infrastructure developments, offering tax-free interest income to investors.

Corporate Bonds

Debt securities issued by corporations to raise capital, with terms specifying the interest rate, maturity date, and other conditions.

Taxation

The process by which governments finance their expenditure by imposing charges on citizens and corporate entities.

Treasury Bond

A long-term, interest-bearing security issued by the U.S. Treasury with a maturity period typically longer than ten years.