Which of the Following Is True of Contracts

Multiple Choice

Which of the following is true of contracts?

A) A void contract is one where a party has the option to avoid his or her contractual liability.
B) A voidable contract is one in which a party has the option to nullify his or her obligation under the contract.
C) A voidable contract is one that has no legal effect because one of the essential elements is missing.
D) An executory contract is considered unenforceable.