Which f the following statements BEST describes the validity of a contract?
A. A void contract cannot be enforced legally.
B. A void contract can be enforced legally.
C. A voidable contract cannot be enforced by either party.
D. A voidable contract cannot be rescinded by either party.
Answer: A. A void contract cannot be enforced legally.
Business
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Discuss individualism. Explain the key positions of the philosophy, it roots, and its role in the modern economy.
What will be an ideal response?
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A(n) ________ provision is a provision whereby the court confirms a plan of reorganization over an objecting class of creditors if certain requirements are met
A) cram-down B) acceptance C) discharge D) liquidation
Business