True or False: If any requirement of an enforceable contract is missing, the contract is considered void.

The statement is true because for a contract to be enforceable, it must contain certain essential elements, such as mutual assent, consideration, capacity, and legality. If any of these critical components is missing, the contract typically cannot be enforced in a court of law, rendering it void. A void contract is one that lacks legal effect, meaning that it cannot be ratified or made valid by any action of the parties involved. This fundamental principle ensures that there is a clear framework for what constitutes a legally binding agreement, protecting the parties involved and upholding the integrity of contract law.