What is the difference between void and voidable?
Understand the Problem
The question is asking for the distinction between 'void' and 'voidable', which are legal terms pertaining to contracts. A 'void' contract is one that is not legally enforceable from the moment it is created, while a 'voidable' contract is one that is valid and enforceable unless one party chooses to void it. The answer will involve explaining these definitions and their implications in legal contexts.
Answer
A void contract is inherently unenforceable and treated as if it never existed, whereas a voidable contract is initially valid and enforceable but can be voided by one party.
The final answer is: A void contract is inherently unenforceable and treated as if it never existed, whereas a voidable contract is initially valid and enforceable but can be voided by one party.
Answer for screen readers
The final answer is: A void contract is inherently unenforceable and treated as if it never existed, whereas a voidable contract is initially valid and enforceable but can be voided by one party.
More Information
Void contracts are treated as null from the beginning due to illegality or other fundamental factors. Voidable contracts, however, start off as valid and only become void at the discretion of one of the parties, often due to reasons like misrepresentation or undue influence.
Tips
Common mistakes include confusing the fact that void contracts cannot be remedied or enforced from the outset, while voidable contracts can be opted out of by one party but are otherwise valid.
