What happens when a party with the right to avoid a contract chooses to not avoid it? a. The contract is ratified. b. The contract is rejected. c. The contract becomes void. d. The contract becomes a quasi-contract

What happens when a party with the right to avoid a contract chooses to not avoid it? a. The contract is ratified. b. The contract is rejected. c. The contract becomes void. d. The contract becomes a quasi-contract

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

What happens when a party with the right to avoid a contract chooses to not avoid it?

a. The contract is ratified.

b. The contract is rejected.

c. The contract becomes void.

d. The contract becomes a quasi-contract

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