A Void Contract Is

question 58

Multiple Choice

A void contract is:

• A)a contract that one or both parties can cancel at their convenience.
• B)a contract,even though the courts will not enforce it.
• C)an agreement that creates no legal obligations.
• D)created by operation of law rather than by the agreement of the parties.

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Definitions:

Governmental Fund

A type of fund used by government entities to account for activities that are financed through tax revenue and other governmental resources, focusing on fiscal accountability.