What is the difference between a valid contract and a void contract?


A valid contract is one that meets all the requirements of a binding contract. It is an enforceable promise or agreement. A void contract is an agreement that does not meet all of the requirements of a binding contract. It is merely a promise or agreement having no legal effect.

Business

You might also like to view...

If the offer or circumstances do not indicate otherwise, the means the offeror used to communicate the offer is the impliedly authorized means for accepting.

Answer the following statement true (T) or false (F)

Business

The fourth stage of cultural adaptation is called

What will be an ideal response?

Business

When governments construct projects that are financed with special assessment debt guaranteed by the government, those projects would be accounted for in the General Fund or a capital projects fund.

Answer the following statement true (T) or false (F)

Business

About 70% of announced stock repurchase plans are not completed as announced

Indicate whether the statement is true or false.

Business