Statement A: All defective contracts can be cured by ratification. Statement B: An absolutely simulated contract is a void contract. Which statement is true?
Understand the Problem
The question presents two statements regarding contracts and asks to determine the truth value of each statement. It aims to assess understanding of contract law concepts such as ratification and the validity of simulated contracts.
Answer
Statement B is true.
Statement B is true.
Answer for screen readers
Statement B is true.
More Information
A void contract, such as an absolutely simulated contract, is considered never to have existed and cannot be validated by ratification. Therefore, Statement B, which describes such a contract as void, is true.
Tips
A common mistake is assuming that all defects in a contract can be cured. Void contracts, such as those that are simulated or lack essential elements, are not curable by ratification.
Sources
- Defective-contracts.docx - The following are the requisites... - coursehero.com
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