BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ leads to a voidable contract
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Fraud
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Coercion
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Misrepresentation
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All of the above
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Explanation:
Detailed explanation-1: -A voidable contract occurs when one of the involved parties would not have agreed to the contract originally if they had known the true nature of all of the elements of the contract prior to original acceptance.
Detailed explanation-2: -not enforceable by the parties.
Detailed explanation-3: -An agreement to carry out an illegal act is an example of a void contract or void agreement. For example, a contract between drug dealers and buyers is a void contract simply because the terms of the contract are illegal. In such a case, neither party can go to court to enforce the contract.
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