Question
Legal Studies Question on Laws of Contract
Following applies to voidable contracts:
A
Consensus and evidence of intention to contract are present and the consent obtained is a real or genuine consent
B
Consensus and evidence of intention to contract are present but the consent obtained is not a real or genuine consent
C
None of the parties to the contract can exercise his option to elect to be bound by the contract or to disown or repudiate it
D
None of the above
Answer
Consensus and evidence of intention to contract are present but the consent obtained is not a real or genuine consent
Explanation
Solution
The correct answer is option (B):Consensus and evidence of intention to contract are present but the consent obtained is not a real or genuine consent.