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Void vs Voidable Contracts

Contract Law 50 seconds 1201 views

Key Points

Void = Invalid from start
Voidable = Valid until canceled
Minors cannot enter valid contracts
Coercion makes contracts voidable

Void contracts are invalid from the start. Voidable contracts are valid until one party chooses to cancel them.

A void contract has no legal effect from the beginning - it's as if it never existed. Examples include agreements with minors or for illegal purposes. A voidable contract is valid but can be canceled by one party, usually due to coercion, fraud, or misrepresentation.

Real-Life Examples

Contract with a 16-year-old is void
Contract signed under threat is voidable