Question

If agreement of either party is obtained by fraud, misrepresentation, mistake, undue influence, or duress, or if the contract is one of adhesion, or is unconscionable, a(n):
a. voidable contract results
b. void contract results
c. valid contract results
d. executed contract results

Answer 1

If agreement of either party is obtained by fraud, misrepresentation, mistake, undue influence, or duress, or if the contract is one of adhesion, or is unconscionable, then it will be voidable contract results.

A voidable contract is a formal agreement between two parties that may be rendered unenforceable for any number of legal reasons, which may include: Failure by one or both parties to disclose a material fact. A mistake, misrepresentation, or fraud. Undue influence or duress.When a contract is voidable, a party to the contract is able to cancel or revoke the contract. Contracts can become voidable due to:

• Mistake. A contract can be cancelled on the grounds of a mutual mistake of fact. .

• Lack of capacity. A person must have the legal ability to form a contract in the first place. A person who is unable, due to intoxication or mental impairment, to understand what she is doing when she signs a contract may lack capacity to enter into a contract.

• Coercion, undue influence, misrepresentation and fraud. Getting consent for a contract in a number of shady ways (like Contracts entered into based on coercion, threats, false statements, or improper persuasion)can make a contract voidable.

• Minor. Falling under the umbrella of capacity, a contract entered into by a minor typically may be voided by the minor or by his or her guardian.

Hence, Option A is correct

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