Voidable Contract is best described as which of the following?

Voidable Contract is best described as which of the following?

• A. An contract that may be terminated by one of the parties (ex: contract with a minor)
• B. A contract that is illegal
• C. A contract that is automatically fulfilled
• D. A contract that requires notarization

Answer: (A)

A voidable contract is a valid agreement that one party can cancel due to a defect in consent or capacity. For example, a contract with a minor is typically voidable—the minor can disaffirm it, choosing to void the deal, while the other party remains bound unless disaffirmation occurs. Because the key feature is that one party has the option to terminate the agreement, this description fits best. The other options don’t describe voidable contracts: an illegal contract is void and unenforceable from the start, not merely cancelable; a contract that is automatically fulfilled refers to performance completing on its own, not the ability to void; notarization is a formal requirement and doesn’t determine whether a contract is voidable.

A voidable contract is a valid agreement that one party can cancel due to a defect in consent or capacity. For example, a contract with a minor is typically voidable—the minor can disaffirm it, choosing to void the deal, while the other party remains bound unless disaffirmation occurs. Because the key feature is that one party has the option to terminate the agreement, this description fits best.

The other options don’t describe voidable contracts: an illegal contract is void and unenforceable from the start, not merely cancelable; a contract that is automatically fulfilled refers to performance completing on its own, not the ability to void; notarization is a formal requirement and doesn’t determine whether a contract is voidable.