Topic: Voidable
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What is voidable contract?
A contract that can be voided. It is a valid contract unless the party with the ability to void it does so. Examples of those that can create voidable contracts are minors, mentally disabled persons, or an intoxicated person. Read More »
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What is a voidable preference in bankruptcy?
While certain items may have more priority to cvertain things, generally all parties are to be given equal handling. Before or during BK, if you make a payment that benefits one disproportionatley, generally at the loss of others, it is a v... Read More »
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What are the reasons for a contract to be voidable?
There are many reasons a contract can be made void-too numerous to list here. The most common is that the contract was not legal in the first place i.e. the contract was not legal to the local, state or federal laws that pertain. Another re... Read More »
Source: http://wiki.answers.com/Q/What_are_the_reasons_for_a_contract_to_...
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Voidable
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Transfer of assets by a debtor filing a Voluntary Bankruptcy petition in favor of one creditor at the expense of other secured creditors. If the transfer was made in the 90 days prior to filing the petition, or was made in anticipation of a...
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If the fulfillment of the contract would violate fundamental rights, or to continue the contract would be detrimental to the health, life and or property of one of the participants of the contract.
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A voidable marriage, however, is a marriage that is technically invalid but may later be made valid by an act of the parties. More
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Void: # S: (v) invalidate, annul, quash, void, avoid, nullify (declare invalid) "The contract was annulled"; "void a plea" http://wordnet.princeton.edu/perl/webwn?s=void Voidable: # S: (adj) rescindable, voidable (capable of being rescinded...
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Source: http://www.answerbag.com/q_view/127706
Void is useless; ineffectual; vain and voidable is capable of being nullified or invalidated.
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voidable: capable of being rescinded or voided
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