Topic: Voidable Contract
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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 »
Source: http://wiki.answers.com/Q/What_is_voidable_contract
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_...
What is void and voidable contract?
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a plea" http://wordnet.princeton.edu/perl/webwn?s=void Voidable: # S: (adj) rescindable, voidable (capable of being rescinded... Read More »
Source: http://www.answerbag.com/q_view/127706
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Voidable Contract
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Answers to Other Common Questions
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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Source: http://wiki.answers.com/Q/What+kinds+of+mistakes+can+make+a+contr...
I am not sure what you are asking? A void contract is one that fails in formation (could be for a variety of reasons), and therefore there is no duty to perform. A voidable contract is one that requires performance, but the contract can be ...
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Source: http://www.answerbag.com/q_view/290630
A contract can be voidable in the following situations: 1. Where it was entered into by a party based on a mistake, fraud or under duress (which can sometimes include economic duress). 2. A party lacked capacity to enter into the contract f...
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Source: http://wiki.answers.com/Q/What_is_a_list_of_situations_in_which_a...
A void contract is one that has no effect due to some fundamental defect. Generally no property can pass under a void contract. Contracts contrary to public policy, for example, to restrain another from pursuing their business, are usually ...
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Source: http://wiki.answers.com/Q/Explain+the+difference+between+a+void+c...
A void contract means that none of the parties to it can legally enforce it. A voidable contract means that one or more but not all of the parties can legally avoid having to perform it. Examples of each (in most jurisdictions - check with ...
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Source: http://wiki.answers.com/Q/What_effect_between_a_void_contract_and...
A voidcontract is no contract at all - in the eyes of the law it has never existed because of some fundamental problem. A voidablecontract is a contract which one side has the right to avoid at any time. However, until they exercise that ri...
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Source: http://wiki.answers.com/Q/What_is_the_difference_between_void_and...
