If a Voidable Contract Is Avoided,the Parties to It Are

question 37

True/False

If a voidable contract is avoided,the parties to it are released from it.

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Definitions:

Services

Intangible products such as healthcare, education, and banking, that provide value or meet needs without producing physical goods.

Dependent

In economic or tax contexts, this refers to someone who relies on another, especially a family member, for financial support and can often be claimed for tax benefits.

International Trade

The exchange of goods, services, and capital between countries or territories, promoting global economic integration.

Trade Deficit

A scenario in which the value of a nation's imports of goods and services surpasses the value of its exports.