Which statement is true about void contracts?

Study for the Themis Contracts Exam. Practice with comprehensive quizzes with flashcards and multiple choice questions, each question comes with detailed explanations. Be fully prepared for your exam!

Multiple Choice

Which statement is true about void contracts?

Explanation:
Void means invalid from the very beginning; it creates no legal rights or obligations and cannot be enforced. Because it’s a nullity at inception, there’s nothing to ratify and no cure later. That’s why describing a void contract as a nullity and unenforceable is correct. The other statements don’t fit. A void contract isn’t enforceable until something declares it void—its status is fixed from the start. Lack of consideration doesn’t by itself make a contract void; it typically affects enforceability, not the void nature. And a void contract can’t be ratified, since ratification only applies to voidable contracts that could be affirmed after formation.

Void means invalid from the very beginning; it creates no legal rights or obligations and cannot be enforced. Because it’s a nullity at inception, there’s nothing to ratify and no cure later. That’s why describing a void contract as a nullity and unenforceable is correct.

The other statements don’t fit. A void contract isn’t enforceable until something declares it void—its status is fixed from the start. Lack of consideration doesn’t by itself make a contract void; it typically affects enforceability, not the void nature. And a void contract can’t be ratified, since ratification only applies to voidable contracts that could be affirmed after formation.

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