A Legally Binding Agreement That Can Be Rejected at the Option

question 30

Multiple Choice

A legally binding agreement that can be rejected at the option of one of the parties is called a(n) :

• A) void agreement.
• B) revoked contract.
• C) voidable contract.
• D) optional agreement.

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Definitions:

Palsgraf Case

A landmark case in American tort law that established the principle that negligence requires foreseeability of harm to the plaintiff.

Prima Facie

A Latin term meaning "at first sight" or "on its face," referring to evidence that, unless rebutted, is sufficient to prove a particular proposition or fact.

Negligence

A failure to exercise the care that a reasonably prudent person would exercise in similar circumstances.

Reasonable Standard Of Care

The degree of caution and concern an ordinarily prudent and rational person would use in similar circumstances.