MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO VOID: VOIDABLE AND UNENFORCEABLE CONTRACT
Which of the following best describes a void contract?
a) A contract that is valid and enforceable
b) A contract that is illegal and unenforceable
c) A contract that is voidable at the option of one party
d) A contract that lacks consideration
Answer: b) A contract that is illegal and unenforceable
When can a voidable contract be voided?
a) Only if both parties agree to cancel the contract
b) Anytime after its formation by the party with the option to void
c) Only within 24 hours of its formation
d) After it has been fully performed by both parties
Answer: b) Anytime after its formation by the party with the option to void
An unenforceable contract is one that:
a) Is valid but cannot be enforced in a court of law due to technical reasons
b) Is void and cannot be legally enforced by either party
c) Is voidable at the discretion of one party
d) Is valid and enforceable, meeting all legal requirements
Answer: a) Is valid but cannot be enforced in a court of law due to technical reasons
Which of the following is a common reason for a contract to be considered void?
a) Lack of legal capacity of one of the parties
b) Lack of mutual agreement between the parties
c) Failure of one party to fulfill their obligations
d) A mistake made during contract negotiation
Answer: a) Lack of legal capacity of one of the parties
A contract entered into under duress is typically:
a) Void
b) Voidable
c) Unenforceable
d) Valid and enforceable
Answer: b) Voidable
An agreement that lacks the necessary elements to be considered a contract is:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: a) Void
Which of the following is NOT a ground for a contract to be considered voidable?
a) Misrepresentation
b) Mistake
c) Duress
d) Unilateral promise
Answer: d) Unilateral promise
An unenforceable contract is one that:
a) Has illegal subject matter
b) Lacks consideration
c) Violates the statute of frauds
d) Lacks a written agreement
Answer: c) Violates the statute of frauds
When does a void contract come into existence?
a) When it lacks legal capacity
b) When it’s unenforceable in court
c) When it’s illegal
d) When it’s improperly formatted
Answer: c) When it’s illegal
Which party has the power to declare a voidable contract void?
a) Both parties jointly
b) The party with the most financial investment
c) The party who is harmed by the contract
d) The party with the option to void
Answer: d) The party with the option to void
What could render a contract void due to the lack of legal capacity?
a) One party was under the influence of drugs
b) Both parties were fully aware and conscious
c) Both parties were represented by legal advisors
d) Both parties were emotionally invested
Answer: a) One party was under the influence of drugs
A contract that violates public policy is:
a) Void
b) Voidable
c) Enforceable
d) Unenforceable
Answer: a) Void
Which of the following contracts is typically voidable?
a) Contracts entered into by minors
b) Contracts entered into by corporations
c) Contracts with explicit terms
d) Contracts with lawful consideration
Answer: a) Contracts entered into by minors
What distinguishes a void contract from a voidable one?
a) A void contract is valid until one party voids it
b) A voidable contract is never legally binding
c) A void contract lacks legal capacity from its formation
d) A voidable contract is always illegal
Answer: c) A void contract lacks legal capacity from its formation
An unenforceable contract may result from:
a) A mutual mistake
b) A lack of consideration
c) A violation of the statute of frauds
d) A meeting of the minds
Answer: c) A violation of the statute of frauds
Which contract is considered voidable due to undue influence?
a) Contract involving a minor
b) Contract involving an intoxicated person
c) Contract made under threat
d) Contract between competent parties
Answer: c) Contract made under threat
Contracts lacking a lawful purpose or object are:
a) Voidable
b) Unenforceable
c) Void
d) Valid
Answer: c) Void
What happens to a contract that is considered unenforceable?
a) It becomes void automatically
b) It is enforceable under certain conditions
c) It remains valid but cannot be enforced by law
d) It becomes voidable by either party
Answer: c) It remains valid but cannot be enforced by law
Which situation might lead to a voidable contract?
a) Both parties knowingly agree to the terms
b) One party lacks mental capacity during the contract
c) Both parties are legally competent
d) The contract complies with all legal requirements
Answer: b) One party lacks mental capacity during the contract
A contract that violates a state’s licensing laws is typically:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: c) Unenforceable
Contracts with terms that are physically impossible to perform are usually:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: a) Void
Which situation might render a contract unenforceable?
a) Both parties were fully aware of the contract terms
b) Both parties were represented by legal advisors
c) The contract lacked a written agreement
d) The contract was not made in the presence of witnesses
Answer: c) The contract lacked a written agreement
A contract that involves fraudulent activities is typically:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: b) Voidable
What is a common reason for a contract to be considered void?
a) Lack of legal capacity of one of the parties
b) Mutual agreement between the parties
c) Fulfillment of obligations by both parties
d) Inclusion of a reasonable mistake
Answer: a) Lack of legal capacity of one of the parties
When might a contract be considered void due to mutual mistake?
a) When both parties were mistaken about the contract terms
b) When one party deliberately misrepresents the terms
c) When both parties fully understand the terms
d) When one party wasn’t aware of the contract terms
Answer: a) When both parties were mistaken about the contract terms
A contract made by a minor is generally considered:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: b) Voidable
Contracts that lack consideration are typically:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: c) Unenforceable
When might a contract become void due to impossibility?
a) When it becomes difficult to perform but not impossible
b) When performance becomes illegal after the contract is made
c) When performance is challenging for one party
d) When one party is unwilling to fulfill their obligations
Answer: b) When performance becomes illegal after the contract is made
Which situation might render a contract voidable due to misrepresentation?
a) Both parties are fully aware of the contract terms
b) One party presents false information to induce the contract
c) Both parties have legal representation
d) The contract terms are complex
Answer: b) One party presents false information to induce the contract
Contracts involving illegal activities or unlawful purposes are often:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: a) Void
A contract that lacks the essential elements, such as offer and acceptance, is considered:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: a) Void
Contracts with terms that are morally reprehensible or against public policy are often:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: a) Void
Which condition renders a contract voidable due to duress?
a) The threat of legal action
b) The threat of financial loss
c) The threat of physical harm
d) The threat of reputational damage
Answer: c) The threat of physical harm
When might a contract be considered unenforceable due to lack of capacity?
a) When one party was intoxicated at the time of contract formation
b) When both parties were aware of the terms
c) When both parties had legal representation
d) When the contract is a written agreement
Answer: a) When one party was intoxicated at the time of contract formation
A contract that violates a statute requiring written agreements for certain types of transactions is often:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: c) Unenforceable
What renders a contract voidable due to undue influence?
a) When both parties are experienced negotiators
b) When one party exerts excessive pressure on the other
c) When both parties agree to the terms willingly
d) When the contract terms are clear and explicit
Answer: b) When one party exerts excessive pressure on the other
Contracts that lack consideration are usually:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: c) Unenforceable
When might a contract be considered void due to impossibility?
a) When both parties are unable to perform their obligations
b) When performance becomes illegal after the contract is formed
c) When one party finds performance challenging
d) When both parties agree to modify the contract terms
Answer: b) When performance becomes illegal after the contract is formed
A contract that involves fraudulent activities is typically:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: b) Voidable
Which situation might render a contract void due to mutual mistake?
a) When both parties were mistaken about the contract terms
b) When one party deliberately misrepresents the terms
c) When both parties fully understand the terms
d) When one party wasn’t aware of the contract terms
Answer: a) When both parties were mistaken about the contract terms
Contracts made by individuals who lack mental capacity are often considered:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: b) Voidable
A contract without lawful consideration is typically:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: c) Unenforceable
When might a contract become void due to illegality?
a) When one party refuses to perform their obligations
b) When performance becomes difficult but not impossible
c) When performance violates the law after the contract is made
d) When both parties agree to terminate the contract
Answer: c) When performance violates the law after the contract is made
Which situation might render a contract voidable due to misrepresentation?
a) Both parties are fully aware of the contract terms
b) One party presents false information to induce the contract
c) Both parties have legal representation
d) The contract terms are complex
Answer: b) One party presents false information to induce the contract
Contracts involving illegal activities or unlawful purposes are often:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: a) Void
Which condition renders a contract voidable due to coercion?
a) The use of physical force to induce the contract
b) The threat of financial loss
c) The pressure exerted by legal advisors
d) The promise of future benefits
Answer: a) The use of physical force to induce the contract
Contracts that lack a clear understanding of the terms by one party might be considered:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: b) Voidable
What renders a contract unenforceable due to the statute of frauds?
a) The contract is not in writing and falls under certain categories
b) Both parties agree to the terms verbally
c) The contract lacks consideration
d) The contract terms are too complex
Answer: a) The contract is not in writing and falls under certain categories
When might a contract become voidable due to mistake?
a) When both parties fully understand and agree to the terms
b) When both parties make a reasonable error in the contract
c) When one party intentionally misinterprets the terms
d) When one party is unaware of the contract terms
Answer: b) When both parties make a reasonable error in the contract
Contracts made by individuals lacking legal capacity are often considered:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: b) Voidable
A contract that lacks a legitimate purpose or object is considered:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: a) Void
Contracts lacking genuine assent or agreement by one party are usually:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: b) Voidable
What renders a contract unenforceable due to impossibility?
a) When performance becomes challenging but not impossible
b) When performance becomes illegal after the contract is formed
c) When one party is unwilling to fulfill their obligations
d) When both parties agree to modify the contract terms
Answer: b) When performance becomes illegal after the contract is formed
Which situation might render a contract voidable due to misrepresentation?
a) Both parties are fully aware of the contract terms
b) One party presents false information to induce the contract
c) Both parties have legal representation
d) The contract terms are complex
Answer: b) One party presents false information to induce the contract
Contracts involving minors are often considered:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: b) Voidable
What is a characteristic of a void contract?
a) It is enforceable in a court of law.
b) It lacks legality or lawful purpose.
c) It’s binding only if performed within a specific time frame.
d) It requires consideration from both parties.
Answer: b) It lacks legality or lawful purpose.
Contracts involving parties under the age of majority are generally:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: b) Voidable
A contract that is unenforceable due to the statute of frauds typically involves:
a) Oral agreements for the sale of goods above a certain value.
b) Written contracts that lack notarization.
c) Verbal agreements without consideration.
d) Contracts with unclear terms.
Answer: a) Oral agreements for the sale of goods above a certain value.
When might a contract be considered void due to impossibility?
a) When both parties are unable to perform their obligations.
b) When performance becomes illegal after the contract is formed.
c) When one party finds performance challenging.
d) When both parties agree to modify the contract terms.
Answer: b) When performance becomes illegal after the contract is formed.
Contracts lacking a lawful purpose or object are typically:
a) Voidable
b) Enforceable
c) Void
d) Unenforceable
Answer: c) Void
Which situation might render a contract voidable due to duress?
a) The threat of legal action.
b) The threat of financial loss.
c) The threat of physical harm.
d) The promise of future benefits.
Answer: c) The threat of physical harm.
Contracts that lack consideration are usually considered:
a) Void
b) Voidable
c) Enforceable
d) Unenforceable
Answer: d) Unenforceable
When might a contract become void due to illegality?
a) When one party refuses to perform their obligations.
b) When performance becomes difficult but not impossible.
c) When performance violates the law after the contract is made.
d) When both parties agree to terminate the contract.
Answer: c) When performance violates the law after the contract is made.
Which situation might render a contract voidable due to misrepresentation?
a) Both parties are fully aware of the contract terms.
b) One party presents false information to induce the contract.
c) Both parties have legal representation.
d) The contract terms are complex.
Answer: b) One party presents false information to induce the contract.
Contracts involving illegal activities or unlawful purposes are often:
a) Void
b) Voidable
c) Enforceable
d) Unenforceable
Answer: a) Void
A contract made by an individual lacking mental capacity is often considered:
a) Void
b) Voidable
c) Enforceable
d) Unenforceable
Answer: b) Voidable
Contracts without lawful consideration are typically:
a) Void
b) Voidable
c) Enforceable
d) Unenforceable
Answer: d) Unenforceable
When might a contract become void due to illegality?
a) When one party refuses to perform their obligations.
b) When performance becomes difficult but not impossible.
c) When performance violates the law after the contract is made.
d) When both parties agree to terminate the contract.
Answer: c) When performance violates the law after the contract is made.
Which situation might render a contract voidable due to misrepresentation?
a) Both parties are fully aware of the contract terms.
b) One party presents false information to induce the contract.
c) Both parties have legal representation.
d) The contract terms are complex.
Answer: b) One party presents false information to induce the contract.
Contracts involving minors are often considered:
a) Void
b) Voidable
c) Enforceable
d) Unenforceable
Answer: b) Voidable
A contract that lacks a legitimate purpose or object is considered:
a) Void
b) Voidable
c) Enforceable
d) Unenforceable
Answer: a) Void
Contracts lacking genuine assent or agreement by one party are usually:
a) Void
b) Voidable
c) Enforceable
d) Unenforceable
Answer: b) Voidable
What renders a contract unenforceable due to impossibility?
a) When performance becomes challenging but not impossible.
b) When performance becomes illegal after the contract is formed.
c) When one party is unwilling to fulfill their obligations.
d) When both parties agree to modify the contract terms.
Answer: b) When performance becomes illegal after the contract is formed.
Which situation might render a contract voidable due to misrepresentation?
a) Both parties are fully aware of the contract terms.
b) One party presents false information to induce the contract.
c) Both parties have legal representation.
d) The contract terms are complex.
Answer: b) One party presents false information to induce the contract.
Contracts involving minors are often considered:
a) Void
b) Voidable
c) Enforceable
d) Unenforceable
Answer: b) Voidable
Which of the following best describes a void contract?
a) A contract that is valid and enforceable.
b) A contract that is illegal and unenforceable.
c) A contract that is voidable at the option of one party.
d) A contract that lacks consideration.
Answer: b) A contract that is illegal and unenforceable.
When can a voidable contract be voided?
a) Only if both parties agree to cancel the contract.
b) Anytime after its formation by the party with the option to void.
c) Only within 24 hours of its formation.
d) After it has been fully performed by both parties.
Answer: b) Anytime after its formation by the party with the option to void.
An unenforceable contract is one that:
a) Is valid but cannot be enforced in a court of law due to technical reasons.
b) Is void and cannot be legally enforced by either party.
c) Is voidable at the discretion of one party.
d) Is valid and enforceable, meeting all legal requirements.
Answer: a) Is valid but cannot be enforced in a court of law due to technical reasons.
Which of the following is a common reason for a contract to be considered void?
a) Lack of legal capacity of one of the parties.
b) Lack of mutual agreement between the parties.
c) Failure of one party to fulfill their obligations.
d) A mistake made during contract negotiation.
Answer: a) Lack of legal capacity of one of the parties.
A contract entered into under duress is typically:
a) Void
b) Voidable
c) Unenforceable
d) Valid and enforceable
Answer: b) Voidable
What defines a void contract?
a) A contract that lacks legality and enforceability.
b) A contract that is contingent on specific conditions.
c) A contract that is valid but unenforceable due to technicalities.
d) A contract that is entirely verbal without a written record.
Answer: a) A contract that lacks legality and enforceability.
Contracts involving minors are generally:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: b) Voidable
When might a contract be considered unenforceable due to the statute of frauds?
a) The contract is not in writing and falls under certain categories.
b) Both parties agree to the terms verbally.
c) The contract lacks consideration.
d) The contract terms are too complex.
Answer: a) The contract is not in writing and falls under certain categories.
What circumstance could render a contract void due to impossibility?
a) When both parties are unable to perform their obligations.
b) When performance becomes illegal after the contract is formed.
c) When one party finds performance challenging.
d) When both parties agree to modify the contract terms.
Answer: b) When performance becomes illegal after the contract is formed.
Contracts lacking a lawful purpose or object are typically:
a) Voidable
b) Enforceable
c) Void
d) Unenforceable
Answer: c) Void
A contract that lacks the essential elements is classified as:
a) Voidable
b) Enforceable
c) Void
d) Unenforceable
Answer: c) Void
Contracts involving parties under the age of majority are generally:
a) Void
b) Voidable
c) Unenforceable
d) Enforceable
Answer: b) Voidable
A contract that fails to meet the statute of frauds requirement is usually:
a) Voidable
b) Enforceable
c) Void
d) Unenforceable
Answer: d) Unenforceable
What situation might render a contract void due to illegality?
a) When one party refuses to perform their obligations.
b) When performance becomes difficult but not impossible.
c) When performance violates the law after the contract is made.
d) When both parties agree to terminate the contract.
Answer: c) When performance violates the law after the contract is made.
Which situation might render a contract voidable due to misrepresentation?
a) Both parties are fully aware of the contract terms.
b) One party presents false information to induce the contract.
c) Both parties have legal representation.
d) The contract terms are complex.
Answer: b) One party presents false information to induce the contract.
A contract made by an individual lacking mental capacity is often considered:
a) Void
b) Voidable
c) Enforceable
d) Unenforceable
Answer: b) Voidable
Contracts without lawful consideration are typically:
a) Void
b) Voidable
c) Enforceable
d) Unenforceable
Answer: d) Unenforceable
What renders a contract unenforceable due to impossibility?
a) When performance becomes challenging but not impossible.
b) When performance becomes illegal after the contract is formed.
c) When one party is unwilling to fulfill their obligations.
d) When both parties agree to modify the contract terms.
Answer: b) When performance becomes illegal after the contract is formed.
Which situation might render a contract voidable due to misrepresentation?
a) Both parties are fully aware of the contract terms.
b) One party presents false information to induce the contract.
c) Both parties have legal representation.
d) The contract terms are complex.
Answer: b) One party presents false information to induce the contract.
Contracts involving minors are often considered:
a) Void
b) Voidable
c) Enforceable
d) Unenforceable
Answer: b) Voidable
A contract that lacks a legitimate purpose or object is considered:
a) Void
b) Voidable
c) Enforceable
d) Unenforceable
Answer: a) Void
Contracts lacking genuine assent or agreement by one party are usually:
a) Void
b) Voidable
c) Enforceable
d) Unenforceable
Answer: b) Voidable
What renders a contract unenforceable due to impossibility?
a) When performance becomes challenging but not impossible.
b) When performance becomes illegal after the contract is formed.
c) When one party is unwilling to fulfill their obligations.
d) When both parties agree to modify the contract terms.
Answer: b) When performance becomes illegal after the contract is formed.
Which situation might render a contract voidable due to misrepresentation?
a) Both parties are fully aware of the contract terms.
b) One party presents false information to induce the contract.
c) Both parties have legal representation.
d) The contract terms are complex.
Answer: b) One party presents false information to induce the contract.
Contracts involving minors are often considered:
a) Void
b) Voidable
c) Enforceable
d) Unenforceable
Answer: b) Voidable
