An opportunity to reject a binding contract at will by a third party is said to be a?

A. valid contract
B. quasi contract
C. voidable contract
D. conditional contract

Correct Answer:

Option C – voidable contract

Explanation

When a contract is entered into without the free consent of the party, it is considered a voidable contract.

Voidable contracts are those that have been entered to by trick or coercion, or entered into with a minor, or entered into where one party was temporarily impaired (e.g., drunk).