Introductory Business Law CLEP Prep Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the CLEP Business Law Exam with flashcards and multiple-choice questions. Each question comes with hints and explanations to help you succeed. Master the content and pass your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Under which of the following circumstances could a contract be void?

It was formed without consideration
It was not signed by both parties
It was formed under duress
All of the above

The correct answer is: All of the above

A contract could be considered void if it was formed without consideration, meaning that one party did not receive anything of value in exchange for their promise. It could also be considered void if it was not signed by both parties, as it may be seen as lacking mutual assent. In addition, if a contract was formed under duress, it may be deemed void as this means that one party was coerced or forced into entering the contract against their will. Therefore, all of the options listed could potentially result in a void contract, making option D the correct answer.