A legally binding contract that can be terminated at the option of one of the parties...

Question

Question

A legally binding contract that can be terminated at the option of one of the parties...

A legally binding contract that can be terminated at the option of one of the parties is called:

		a. an executed contract
		b. a formal contract with an escape clause
		c. a voidable contract
		d. a void contract
		e. a parol evidence contract

business Operations-Management

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

C)a voidable contract

Is the correct option in this case if you think this helped do give a thumbs up else share your queries in comment section .

Add a comment

Answer 2

Similar Homework Help Questions

1. If a legally enforceable contract includes a binding arbitration clause, the parties to the contract...

1. If a legally enforceable contract includes a binding arbitration clause, the parties to the contract under which the dispute arose can go through litigation if one of parties decides to take the dispute to court. True False 2. Veruca Salt, a Michigan resident, buys a used car from Rick's Used Cars, a Michigan business. Two weeks later, the car breaks down, and Veruca learns that it needs a new engine even though she was told the car was in...
Which of the following is not required for a contract to be legally binding? a) the...

Which of the following is not required for a contract to be legally binding? a) the contract must be voluntary b)signing of the contract must be notarized by a notary public or a lawyer c) the terms of the contract must be legal d) the contract offer must have acceptance e) some form of payment must be involved
Under the Parol Evidence rule the court will presume that? Select one: a. An oral contract...

Under the Parol Evidence rule the court will presume that? Select one: a. An oral contract does not contain all of the terms of the agreement b. A written contract contains all of the terms of the agreement c. A written contract does not contain all of the terms of the agreement d. An oral contract contains all of the terms of the agreement The different types of mistake recognised by the law include? Select one: a. Mutual, innocent and...

Question 6 Consideration is:

Question 6Consideration is:a. the concern of both contracting parties for the protection of the environment.b. the concern shown by the other contracting party.C. a stated number of dollars.d. what is demanded by the promisor as the price for the promise.Question 8An executory contract is:a. void if neither party has performed.b. always unilateral in nature.c. entered into but not fully performed.d. One that has been completely performed.Question 9A minor cannot avoid a contract to purchase a car if the:a. car is...
Which of the following is true of a contract where one of the parties is insane...

Which of the following is true of a contract where one of the parties is insane but not adjudged insane? Only the court appointed legal guardian to the insane person can modify contracts The contract is voidable by the competent party © The non-insane person must be placed in status quo if the insane person voids the contract. The contract is only voidable by the insane person
True Or False 6. The parental duty of support is terminated if a minor becomes emancipated....

True Or False 6. The parental duty of support is terminated if a minor becomes emancipated. 7. A person who was legally insane at the time of entering a contract is relieved of his or her duties arising the contract. 8. In a contract involving a legally competent person and a person who is possibly incapacitated, the competent party can void the contract at any time. 9. A contract with an intoxicated person is voidable by the party who is...

43. If the parties to a contract are in a “special trust relationship” such asattorney-client, or...

43. If the parties to a contract are in a “special trust relationship” such asattorney-client, or physician-patient, or minister-church member, or parent-child,and the person in position of authority convinces the “dependent” person to signa contract which is overly-favorable to the person in position of authority, the dependent person: A) can declare the contract to be void, based on undue influence B) must honor the contract C) must declare the contract to be fraudulent 44. A contract is most likely to...
30.a. What exception is there in the rule that an agreement is illegal if it tends...

30.a. What exception is there in the rule that an agreement is illegal if it tends to compensate a person for the consequences of his own wrongdoing? A) The main exception to this rule is at the level of cancellable contracts. B) The main exception to this rule is in insurance contracts. C) The main exception to this rule is at the level of promises to pay a gambling debt. D) The main exception to this rule is at the...
The courts will presume that a written contract which appears complete on its face contains the...

The courts will presume that a written contract which appears complete on its face contains the whole agreement and will not permit a party to add to or vary or contradict the written agreement. This is called the… parol evidence rule postal acceptance rule business judgment rule privity of contract rule An injunction is a… court order requiring a person to fulfil their agreement under a contract remedy available where someone has benefited at the expense of someone else...

Which of the following is not generally a requirement of a legally binding contract? a. offer and acceptance b....

Which of the following is not generally a requirement of a legally binding contract? a. offer and acceptance b. written c. legal object d. consideration 2. The coordination of benefits provision a. relates the coverage of a major medical policy to base coverage. b. relates the coverage of hospitalization policies to surgical expense policies. c. prioritizes the payment order when two spouses are covered under each other's employer provided health coverage. d. is commonly used in individual contracts, but not...

A legally binding contract that can be terminated at the option of one of the parties...

Homework Answers

Add Answer to:
A legally binding contract that can be terminated at the option of one of the parties...

Post as a guest

Earn Coins

1. If a legally enforceable contract includes a binding arbitration clause, the parties to the contract...

Which of the following is not required for a contract to be legally binding? a) the...

Under the Parol Evidence rule the court will presume that? Select one: a. An oral contract...

Question 6 Consideration is:

Which of the following is true of a contract where one of the parties is insane...

True Or False 6. The parental duty of support is terminated if a minor becomes emancipated....

43. If the parties to a contract are in a “special trust relationship” such asattorney-client, or...

30.a. What exception is there in the rule that an agreement is illegal if it tends...

The courts will presume that a written contract which appears complete on its face contains the...

Which of the following is not generally a requirement of a legally binding contract? a. offer and acceptance b....

A legally binding contract that can be terminated at the option of one of the parties...

Homework Answers

Add Answer to: A legally binding contract that can be terminated at the option of one of the parties...

Post as a guest

Earn Coins

Add Answer to:
A legally binding contract that can be terminated at the option of one of the parties...