Something which, though it may continue to be valid, may be put aside and be made void, in certain circumstances.
The law distinguishes between contracts which are void and those which are voidable. Voidable contracts are those that have minor defects to them and are voidable at the option of the party victimized by the defect. For example, contracts signed by a person when they are totally drunk are voidable by that person upon recovering sobriety.
A valid provision of a contract that can be made void by following some specified procre.
Instrument that appears to be valid but is in fact lacking in some essential requirement.
Capable of being later annulled; a valid act that, though it may be avoided, may accomplish the thing sought to be accomplished until the fatal defect in the transaction has been effectively asserted or judiciously ascertained and declared.
An agreement which is valid and enforceable on its face, but may be rejected by one or more of the parties.
capable of being rescinded or voided; "the judgment was rescindable"; "voidable contracts"
That which is valid until one party, who has the power of avoidance, exercises that power. An infant has the power of avoidance of his contract. A defrauded party has the power to avoid his contract.
A contract that appears valid, but may be treated as legally unenforceable if one of the parties, the one that has been placed at a disadvantage, chooses to exercise that option and terminate the contract.
Where one party to a contract is entitled to rescind the contract at his option.
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.
An insurance policy that can be cancelled by either the insurer or the insured if either side breaches any term(s) in the contract. Return to the top
Capable of being voided by one party only. Valid until voided.
A type of contract that includes a clause stating that either party can void the policy at any time.
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.
A policy contract that can be made void at the option of one or more of the parties to it. An example would be a Property Insurance policy which is voidable by the insurer if the insured commits certain acts.
That which can be nullified or adjudged void (particularly a contract) but which is valid until some action is taken to void it. A voidable contract must be rescinded by the innocent party if he or she wishes to avoid performance. Inaction can result in ratification of the contract. Waiver—The voluntary relinquishment or surrender of a right.
A contract that appears valid and enforceable on its face but is subject to recession by one of the parties who acted under a disability. Voidable implies a valide act that may be rejected by an act of disaffirmance, rather than an invalid act that may be confirmed.
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. WAIVER - To voluntarily give up or surrender a right.
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. .
Render invalid; not binding; ineffectual. A voidable contract is valid until avoided by a person who has the right to avoid the contract, e.g. a person who entered into a contract when a misrepresentation had been made to him or under duress, or when drunk. See also 'Void'.
A contract which appears valid and enforceable on the surface, but may be declared invalid by one of the parties, such as a contract entered into by a minor.
That which is capable of being adjudged void but is not void unless action is taken to make it so.
In law, a transaction or action which is voidable is valid, but may be annulled by one of the parties to the transaction. Voidable is usually used in distinction to void ab initio (or void from the outset) and unenforceable.
