Will and Kendrick live in a state that requires that contracts involving transactions over $500 be in writing. If they enter a verbal agreement to buy a car for $1, 500, this contract is volid. void. voidable. unenforceable. Ally, a minor, purchases a car from a used-car dealer. The law allows minors the right to cancel a contract until the time the minor turns 18. The contract between Ally and the dealer is: a valid contract a voidable contract. an unenforceable contract. If one part of the contract becomes illegal or impossible to perform, the remaining contract components remain in effect if: the contract is an express contract. the contract is an entire contract. the contract contains a severability clause. the contract is an implied contract