Distinguish between void agreement and voidable contract.
Understand the Problem
The question is asking to differentiate between a void agreement and a voidable contract, which are two important legal concepts in contract law. A void agreement is one that is not enforceable by law from the moment it is created, whereas a voidable contract is a valid contract that can be invalidated at the option of one of the parties due to certain circumstances. This distinction is crucial in understanding contract enforceability.
Answer
A void agreement is never valid, while a voidable contract can be affirmed or invalidated.
A void agreement is unenforceable from the beginning because it lacks essential legal elements. A voidable contract is initially valid and enforceable but can be invalidated by one party due to certain circumstances.
Answer for screen readers
A void agreement is unenforceable from the beginning because it lacks essential legal elements. A voidable contract is initially valid and enforceable but can be invalidated by one party due to certain circumstances.
More Information
A void agreement is fundamentally flawed and has no legal effect, while a voidable contract is initially lawful but can be voided due to certain factors such as misrepresentation or coercion.
Tips
Confusing a void contract for a voidable one can lead to improper legal actions, so always verify the contract's conditions and the reason for invalidation.
Sources
- What is the difference between void and voidable contract? - LawBite - lawbite.co.uk
- Void vs. Voidable Contract - Similarities and Differences - PandaDoc - pandadoc.com
- Difference between Void and Voidable Contract - GeeksforGeeks - geeksforgeeks.org
