A contract that may be treated as legally unenforceable at the option of a party (usually the injured party) but remains enforceable until that party exercises her option
Where one party to a contract is entitled rescind the contract at his/her option
A policy contract that can be made void at the option of one or more parties to the agreement
A contract which appears valid and enforceable on its face, but is subject to rescission by one of the parties who acted under a disability, such as being a minor or being under duress or undue influence; that which may be avoided or adjudged void but which is not, in itself, void
That which is capable of being adjudged void, but is not void unless action is taken to make it so Able to be made void
capable of being rescinded or voided; "the judgment was rescindable"; "voidable contracts"
the contract is a binding contract until such time as the person who argues something is wrong with it declares it to be over This can only happen if it is possible to return the parties to their original position (to rescind) In other words, the goods (or subject of the contract) cannot have passed to an innocent party for value or they cannot have been altered in any way The party wishing to rescind must also act immediately they are aware of their rights
Capable of being declared invalid; a voidable contract is one where a person may avoid his obligation, as a contract between an adult and a minor
capable of being voided, but not void unless action is taken to void it A contract to real estate entered into by a minor is voidable only by the minor