164k views
1 vote
A contract that is voidable

User Outcast
by
7.7k points

1 Answer

4 votes

A voidable contract, unlike a void contract, is a valid contract which may be either affirmed or rejected at the option of one of the parties.

Reasons that can make a contract voidable include failure by one or both parties to disclose a material fact; a mistake, misrepresentation or fraud; undue influence or duress; one party's legal incapacity to enter a contract; one or more terms that are unconscionable; or a breach of contract.

User Reut Sharabani
by
7.0k points

No related questions found