Contracts Practice
Exam (Valid, Void,
Voidable) 2026-
VERSION WITH
QUESTIONS AND
QUALITY ANSWERS
100% CORRECT WITH
RATIONALES AND PDF
,DOWNLOAD.
1. A valid contract requires:
A. Only agreement
B. Only consideration
C. Agreement, consideration, capacity,
legality
D. Written form
Answer: C
All valid contracts require agreement,
consideration, legal capacity, and lawful
purpose.
,2. A contract lacking legal purpose is:
A. Valid
B. Void
C. Voidable
D. Enforceable
Answer: B
A contract with illegal subject matter has
no legal effect.
3. A void contract is:
A. Enforceable
B. Binding
C. Not legally recognized
D. Optional
Answer: C
, A void contract is treated as if it never
existed.
4. A voidable contract is enforceable by:
A. Either party
B. The injured party
C. The court only
D. No one
Answer: B
Only the aggrieved party may choose to
enforce or rescind.
5. A minor entering a contract creates a:
A. Void contract
B. Valid contract
Exam (Valid, Void,
Voidable) 2026-
VERSION WITH
QUESTIONS AND
QUALITY ANSWERS
100% CORRECT WITH
RATIONALES AND PDF
,DOWNLOAD.
1. A valid contract requires:
A. Only agreement
B. Only consideration
C. Agreement, consideration, capacity,
legality
D. Written form
Answer: C
All valid contracts require agreement,
consideration, legal capacity, and lawful
purpose.
,2. A contract lacking legal purpose is:
A. Valid
B. Void
C. Voidable
D. Enforceable
Answer: B
A contract with illegal subject matter has
no legal effect.
3. A void contract is:
A. Enforceable
B. Binding
C. Not legally recognized
D. Optional
Answer: C
, A void contract is treated as if it never
existed.
4. A voidable contract is enforceable by:
A. Either party
B. The injured party
C. The court only
D. No one
Answer: B
Only the aggrieved party may choose to
enforce or rescind.
5. A minor entering a contract creates a:
A. Void contract
B. Valid contract
