Enforceability

Question 1

Unenforceable - Contract

Answer 1

A contract may be unenforceable based upon a defense to formation or a defense to enforcement.
Proof of the defense may render the contract void or voidable.

Question 2

Void Contracts

Answer 2

A void contract results in the entire transaction being regarded as a nullity, as if no contract existed between the parties

Question 3

Voidable Contracts

Answer 3

A voidable contract operates as a valid contract, unless and until one of the parties takes steps to avoid it

Question 4

Unenforceable Contracts

Answer 4

An unenforceable contract is a valid contract that cannot be enforced if one of the parties refuses to carry out its terms