Final answer:
When a contract does not have all the legal requirements for performance it is called Relatively Null or Absolutely Null.
Step-by-step explanation:
When a contract does not have all the legal requirements for performance it is called Relatively Null. This means that the contract may be partially enforceable, but certain aspects may be invalid or unenforceable. For example, if a contract lacks consideration (something of value exchanged between parties), it may be relatively null.
On the other hand, if a contract is missing essential elements such as the agreement of the parties or legal capacity, it would be considered Absolutely Null and would not be enforceable at all. For instance, a contract entered into by a minor would be absolutely null as minors lack legal capacity to enter into a contract.