Formation: Enforceability Flashcards
1
Q
Definition: Enforceability
A
A defense to formation or a defense to enforcement may render K void, voidable, or unenforceable.
2
Q
Definition: Void Ks
A
Entire transaction is null, as if no K existed.
3
Q
Definition: Voidable Ks
A
Operates as valid K until/unless one party takes steps to avoid it.
4
Q
Definition: Unenforceable Ks
A
Valid K that cannot be enforced if one party refuses to carry out its terms.
