What is the term for a contract that is no longer legally enforceable and thus becomes void?

Show Answers

A legally binding agreementA contract that can be annulledA contract that has become null and unenforceableAn agreement with no legal statusA contract declared invalid

Explanation

A contract that loses its enforceability by law and is therefore considered null and without legal effect is known as a void contract. Such contracts have no legal binding force from the outset or cease to be enforceable due to certain reasons, making option C the correct answer.