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Exam (elaborations)
LA100 Terms Flashcards 2023 with complete solution questions and answers
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---3April 20232022/2023A+
- Void 
Missing one element that is needed to form a contract 
 
 
 
Voidable 
a term applied to a contract that one or both parties have the ability to either withdraw from or enforce 
 
 
 
Valid 
Contract containing all four elements needed to be enforced 
 
 
 
Unenforceable 
a term applied to a contract that, because of a law, cannot be enforced by the courts 
 
 
 
Article 2 covers 
Transactions involving sales of goods 
 
 
 
Mailbox rule 
Principle stating that the acceptance of an offer i...
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