Examlex
Which of the following statements is true of decision styles?
Void Contract
A legal agreement that is invalid from the outset and has no legal effect, therefore cannot be enforced by law.
Voidable Contract
A legal agreement that may be invalidated or annulled by one or more of the parties involved due to certain conditions.
Privity of Contract
The principle that a contract is a private agreement between the parties who have entered into it, and no one else can claim benefits or be subjected to its obligations.
Voidable Contract
A legal agreement that may be declared invalid by one party due to certain conditions such as misrepresentation or lack of consent.
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