Which of the Following Is True of Enforcing a Contract

question 10

Multiple Choice

Which of the following is true of enforcing a contract?

• A) A contract is only considered valid if it is enforceable by both parties.
• B) In an unenforceable contract, at least one party has the option to void his or her contractual obligations.
• C) Void contracts are enforceable in cases involving mutual mistakes.
• D) Parties may voluntarily perform a contract that is unenforceable.

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Definitions:

Output

A rephrased definition: Refers to the final product or result produced by a process or system.

Competitive Level

A state in a market where firms are able to enter and exit freely, and prices are determined by supply and demand.

Industry

A classification of businesses that perform similar types of work or produce similar goods and services.

Output

The total amount of goods or services produced by a company or economy.