voidable contract
Definition
Contract that has legal effect and force when it is made, but is liable to be subsequently annulled or set aside by the courts through the process of rescission. Circumstances or features that make a contract voidable include (1) non-disclosure of one or more material facts, (2) misrepresentation, (3) mutual mistake, (4) lack of free will of a contracting party, or presence of one contracting party's undue influence over the other, and (5) a material breach of the terms of the contract. Contract that is voidable in only one or few parts may be saved by the process of severance. Not to be confused with void contract.
voidable contract is in the Agreements & Contracts and Corporate, Commercial, & General Law subjects.
voidable contract appears in the definitions of the following terms: void contract, contract, severance, contractual relationship, severance of contract, rescission of contract and affirmation of contract
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