Contracts Fin Long Quiz

If one of the parties is incapable of giving consent

• Voidable

• Unenforceable

• Valid

• Rescissible

If both parties are incapable of giving consent

• Voidable

• Unenforceable

• Valid

• Rescissible

Contracts which are valid but defective.

• Voidable

• Unenforceable

• Valid

• Rescissible

All other contracts specially declared by law

to be subject to rescission

• Voidable

• Unenforceable

• Valid

• Rescissible

Those agreed upon in representation of absentees, if the latter suffer the lesion stated in the preceding number

• Voidable

• Unenforceable

• Valid

• Rescissible

A voidable contract is valid and binding until it is annulled by a proper action in court.

• Voidable

• Unenforceable

• Valid

• Rescissible

They do not comply with the Statute of

frauds

• Voidable

• Unenforceable

• Valid

• Rescissible

They are entered into without or in excess of authority.

• Voidable

• Unenforceable

• Valid

• Rescissible

Those which cannot be enforced by proper action unless they are ratified.

• Voidable

• Unenforceable

• Valid

• Rescissible

Those which are absolutely simulated or fictitious.

• Voidable

• Unenforceable

• Void

• Rescissible