Which of the following could be a result of a voidable contract?

A voidable contract arises when one party has the option to affirm or reject the contract, typically due to certain circumstances surrounding its formation. This could include instances of misrepresentation, fraud, undue influence, or lack of capacity. Since the agreement is legally valid at its inception, the party with the option can choose to either continue with the contract or void it if they believe their consent was not adequately obtained.

In this scenario, the correct outcome is that the contract can be affirmed or rejected by one party. It emphasizes the unique quality of voidable contracts: they remain valid until the affected party decides to exercise their right to void it.

The other outcomes presented do not accurately reflect the nature of voidable contracts. While a voidable contract does not remain in effect indefinitely, it also does not become automatically void—it requires a conscious decision by the affected party to void it. The validity and enforceability of the contract are contingent upon the choice made by that party, which differentiates it from a fully void contract. Understanding this aspect of voidable contracts is crucial in grasping the broader concepts of contract law.