Why would a contract be voidable?
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.
There are a number of reasons as to why a contract could be voidable. Some examples include fraud in the inducement, economic (or social) duress, innocent misrepresentation, undue influence, mutual mistake (if related to quality), unilateral mistake, minority, or intoxication.
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What are some of example of why a contract is void?
A void contract is a formal agreement that is effectively illegitimate and unenforceable from the moment it is created. Some examples of why a void contract would exist include fraud in the execution, physical duress, illegality, adjudicated incompetency, and mutual mistake.
What are some of example of why a contract is void?
A void contract is a formal agreement that is effectively illegitimate and unenforceable from the moment it is created. Some examples of why a void contract would exist include fraud in the execution, physical duress, illegality, adjudicated incompetency, and mutual mistake.
