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Promulgated Contracts Exam Study Guide with Questions and Answers Executed and Executory contracts are differentiated by: A.by their structures. B. by their enforceability. C. their stages of fulfillment. D. by their validity. ANSWER✓✓ Their stages of fulfillment Which of these is an exemption to the "legal capacity" requirement to form a contract? A. A contract for a life necessity. B. Neither of these is correct. C.Both of these are correct. D. The other party had no knowledge of the party's lack of legal capacity. ANSWER✓✓ A contract for a life necessity A contract for non-life necessities with a person lacking legal capacity is: A. Unenforceable B. Valid C. Voidable D. Void ANSWER✓✓ Voidable
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