Statement A: Voidable contracts due to fraud are considered as incidental fraud. Statement B: An unenforceable contract is curable by prescription. Only Statement 'A' is true. Neit... Statement A: Voidable contracts due to fraud are considered as incidental fraud. Statement B: An unenforceable contract is curable by prescription. Only Statement 'A' is true. Neither is true. Both statements are true. Only Statement 'B' is true.
Understand the Problem
The question is presenting two statements regarding contracts and asking to evaluate their truthfulness. It implies a need for understanding legal concepts related to voidable contracts and unenforceable contracts. We will assess both statements based on legal principles.
Answer
Only Statement 'B' is true
Only Statement 'B' is true
Answer for screen readers
Only Statement 'B' is true
More Information
A voidable contract can be invalidated due to fraud but is not automatically considered 'incidental fraud.' Conversely, an unenforceable contract, while not invalid, may become enforceable if corrective action (such as satisfaction of a prescription period) is taken.
Tips
Confusing voidable with void contracts; understanding that voidable contracts can become valid if certain issues are resolved, while void contracts cannot.
Sources
- Voidable Contract: Definition, How It Works, and Examples - investopedia.com
- Valid, Void, Voidable & Unenforceable Contracts - Lesson | Study.com - study.com
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