Overview

voidable contract


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A contract that, though valid when made, is liable to be subsequently set aside (compare void contract). Voidable contracts may arise through misrepresentation, some instances of mistake, nondisclosure, and duress (see economic duress; undue influence). Certain proprietary contracts entered into by minors are also voidable (see capacity to contract). The setting aside of a voidable contract is effected by rescission.

Subjects: Law.


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