All lawn maintenance businesses must pay the state a $200 annual fee for a license, with no other legal regulations. ABC Yards Inc., fails to pay this fee. Which is true in case of ABC Yards fails to acquire a license due to failure to pay the $200?
- the lack of a license will not necessarily make a contract void
- only executory contract by ABC will be voidable
- all contract of ABC are voidable due to their failure to obey the regulation
- the lack of a license makes the contracts void under contract laws
I think it is 3 or 4, but don’t know which.