A
A contract that can be canceled at the option of one party.
B
An agreement that is considered to have had no legal effect from its inception.
C
A legally enforceable digital agreement executed through a checkbox.
D
A conditional contract that requires regulatory approval to become valid.
Correct answer: (b) An agreement that is considered to have had no legal effect from its inception.
Explanation
Option B correctly defines 'void ab initio' as a legal act or agreement that is considered to have had no legal effect from its inception. The other options describe voidable contracts, digital click-wrap terms, or contingent contracts rather than void ab initio.
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