Helix BBQ: Contract Law-Defenses to Enforceability with Explanations
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4 Terms
What happens when the obligor in a voidable sales contract ratifies the contract?
D.The obligor’s power of avoidance ends.
Solution: The correct answer is D.
Answer option D is correct. Ratifying an avoidable contract extinguishes the obligor’s power of avoidance.
Can a party avoid a contract simply by saying the party did not read it.
A. No, generally parties who have the means and ability to read a contract are bound by actions and words that demonstrate assent.
A promise or agreement that is deemed void has
No legal effect and cannot be enforced by any party.
A voidable contract the power
to choose to avoid legal obligations created by the contract (the “power of avoidance”).
