Multiple choice

Which of the statement is incorrect?

  1. All illegal agreements are void but all void agreements are not necessary illegal.

  2. A voidable contract is not voidable at the option of the aggrieved party.

  3. Contracts that are immoral or opposed to public policy are illegal in nature.

  4. All of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Statement B is incorrect because a voidable contract IS voidable at the option of the aggrieved party. That is the defining characteristic of voidable contracts - they remain valid until the aggrieved party chooses to avoid them. The correct statement would be that voidable contracts are voidable at the option of the aggrieved party.

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