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Which of the Following Is True About Void and Voidable

Question 62

Multiple Choice

Which of the following is true about void and voidable contracts?


A) A void contract is not a contract at all;a voidable contract can be terminated by one party.
B) Both parties must agree to terminate a void or a voidable contract because otherwise there would be no privity.
C) Either party can terminate the contract at any time.
D) Both contracts are illegal.
E) Both contracts must contain an illegal object.

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