Contracts
Under Oregon contract law, an agreement that lacks consideration is:
AVoidable at the option of either party
BValid if both parties sign it
CVoid and unenforceable✓ Correct
DEnforceable if recorded with the county
Explanation
Consideration is a required element of a valid contract. Without consideration (something of value exchanged by both parties), a contract lacks mutual obligation and is void — it has no legal effect from the outset.
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