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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.

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βˆ™ 15y ago
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Q: What is voidable contract?
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Related questions

What is a sentence for voidable?

That contract is voidable in nature


What are the sample case of voidable contracts?

cases of voidable contract


What is the consequences of rescission of voidable contract?

The consequences of rescission of voidable contract is that the other party does not need to perform any promise contained in the contract.


In Georgia can a minor void a contract or is it voidable?

In Georgia, a minor cannot sign a contract. If a minor does sign a contract, it is voidable because it is illegal.


A contract without legal effect is?

A. Void B. Voidable C. Voiding D. Avoid ANSWER: A Void


If the VIN is incorrect can it void the contract?

Depending on the state of contract, a mistake on the VIN may or may not be voidable. Under old laws, a mistake on a VIN can cause a contract to be voidable.


What is voidable contact?

A contract that existed but is now no longer in effect. Legal obligations under a contract can be avoided.


What is the difference between a voidable and rescissible contract?

Their binding force,,, rescissible contract renders it defective due to external facts that may prejudice a contracting party or even a third person. While voidable contract becomes defective due to the vice of consent :)


Is it legal to sign a contract under the influence of alcohol?

If it can be proven that the signatory was intoxicated at the time, the contract would be voidable.


Is viodable contract is a type of valid contract?

Yes: It is a valid contract in the beginning but subsequently it changes into voidable contract due to some uncertain reasons. For example; A person do contract to B person that he will give some garments importing from London and the B accepts it, after it in the way some thing happen and the product is destroyed then a valid contract will be change in a voidable contract.


Can a contract signed by an under age person be annulled?

Yes. Courts do not enforce Contracts on Minors. If a minor enters into a contract then such contract is voidable.


What is the effect of coercion and undue influence on the validity of the contract?

The effect of coercion is that It makes the contract voidable at the option of the party's whose consent is obtained by coercionThe effect of undue influence is that it makes the contract voidable at the option of the party's whose consent is obtained by an undue influence[section 9 Indian contract Act]