Practice Void (3.2) - General Principles of Contracts Management

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9 questions

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3 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
3 questions · about 2 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
Define a void contract.
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Think about contracts that involve illegal activities.
Question 2.
Give an example of a void contract.
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Consider activities that are against the law.
3Question 3.
What defines a void contract?
- It is invalid from the start
- It can be enforced if contested
- It is valid unless cancelled
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Focus on the inherent legality when it was formed.
4Question 4.
A contract to perform an illegal act is a ____ contract.
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Think about the legality of the agreement.
Question 5.
Evaluate the following scenario: John, a minor, enters into a contract with a local gym to purchase a membership. What is the status of this contract and why?
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Think about the age-related legal limitations on contract formation.
Question 6.
Imagine a business that agrees to sell electronics but includes a clause mandating illegal activity. Discuss the enforceability of this contract.
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Recall that any illegal purpose will result in voiding a contract.

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