Contracts
A contract that appears valid but is unenforceable because of a legal defect, such as a missing written requirement, is called a:
AVoid contract
BVoidable contract
CUnenforceable contract✓ Correct
DExecutory contract
Explanation
An unenforceable contract appears to have the elements of a valid contract but cannot be enforced due to a legal defense — such as the Statute of Frauds requiring real estate contracts to be in writing. Unlike a void contract, an unenforceable contract may have some legal effect but cannot be enforced by a court.
Related Alaska Contracts Questions
- An Alaska seller accepts an offer with a 30-day closing period. On day 25, the seller refuses to proceed with the transaction without justification. The buyer's legal remedies include:
- Under Alaska's Statute of Frauds, which of the following must be in writing to be enforceable?
- In Alaska, when a purchase agreement includes an 'earnest money' clause, the earnest money is intended to:
- When a buyer fails to perform under a purchase agreement without legal excuse, the seller may retain the earnest money as:
- When a buyer and seller have signed a purchase agreement, the contract is classified as:
- A buyer in Alaska wishes to back out of a purchase agreement after all contingencies have been removed. The seller chooses to keep the earnest money and release the buyer. This arrangement is called:
- Which of the following would make an Alaska real estate contract unenforceable due to the Statute of Frauds?
- Under Alaska contract law, 'novation' means:
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