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which of the following is the best example of a voidable contract? a. a contract which has an illegal purpose. b. a contract where one of the parties is suffering from dementia. c. a contract which is not in writing. d. a contract where one of the parties is unsure about signing it.

Respuesta :

The best example of a voidable contract is a contract which has an illegal purpose. So, the correct answer is (a).

A legal contract between two or more parties that is voidable could become invalid for a variety of legal reasons, such as:

  • Failure to disclose a crucial fact by one or perhaps both parties
  • a blunder, blatant lie, or deception
  • pressure greater or violence
  • Legal disqualification of one party to sign a contract (e.g., a minor)
  • a term or phrase that is objectionable
  • Causing breach of a contract

A voidable contract is initially viewed as genuine and executable but could be revoked by one party if it is shown to include flaws. The agreement was nevertheless enforceable and legal if a person with the capacity to refuse it choose not to do so notwithstanding the flaw. If the purpose of a contract is illegal in that case, it purely become a voidable contract whose performance is not possible as per law.

Learn more about voidable contract here:

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