A Voidable Contract Is a Valid Contract That Can Be

question 67

True/False

A voidable contract is a valid contract that can be avoided at the option of at least one of the parties to it.

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Definitions:

Non-programmed Decision Making

Non-programmed decision making involves tackling novel, unstructured problems requiring unique solutions, often in high-stakes or uncertain situations.

Well-structured Problems

Pertains to problems that have clearly defined parameters and solutions, often with known methods for solving them.

Routine Decision

Choices or judgments made during regular, day-to-day activities that are often repetitive and require minimal thought.

Ill-structured Problem

A problem that lacks a clear path to a solution, often requiring creative or critical thinking for resolution.