An opportunity to reject a binding contract at will by a third party is said to be a?
-
A.
valid contract -
B.
quasi contract -
C.
voidable contract -
D.
conditional contract
Correct Answer: Option C
Explanation
When a contract is entered into without the free consent of the party, it is considered a voidable contract.
Voidable contracts are those that have been entered to by trick or coercion, or entered into with a minor, or entered into where one party was temporarily impaired (e.g., drunk).