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 the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A voidable contract is defined specifically as being voidable at the option of the aggrieved party. Option B states the opposite - that it is NOT voidable at the aggrieved party's option - which is incorrect. The question asks to identify the incorrect statement, so B is the answer.

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