Rudolph, the owner of a shoe store, purchased 500 Fleet X24 running shoes from his supplier, but a price was not stated in the contract. The contract is voidable at Rudolph's option until the parties agree on a price.

Voidable

Refers to a legal agreement or transaction that is valid and enforceable, but can be annulled or terminated by one or more of the parties involved due to certain defects or circumstances.

Contract

A legally binding agreement between two or more parties that creates mutual obligations enforceable by law.