An Otherwise Valid Contract Whose Enforcement Is Barred by the Applicable

question 69

Multiple Choice

An otherwise valid contract whose enforcement is barred by the applicable contract statute of limitations is an example of a(n) :

• A) voidable contract.
• B) quasi-contract.
• C) bilateral contract.
• D) unenforceable contract.

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Definitions:

Vendor Payment

The process of compensating suppliers and service providers for goods delivered or services rendered, often as part of the procurement process in businesses and government agencies.

Project Grant

Financial support given by a government or organization for a specific project with defined objectives and outcomes.

Special Taxes

Taxes imposed for specific purposes, often to fund particular government projects or services.

Specific Programs

Specific programs denote particular initiatives or schemes designed to achieve certain goals within a broader policy or organizational framework.