When the consent of a party is obtained by fraud, the contract is ________.
A
valid
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B
voidable
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C
illegal
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D
void
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Solution
The correct option is B voidable
When the consent of a party is obtained by fraud, the contract is voidable reasons that can make a contract voidable include failure by one or both parties to disclose a material fact; a mistake, misrepresentation or fraud; undue influence or duress; one party's legal incapacity to enter a contract; one or more terms that are unconscionable ; or a breach of contract.