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Void_vs_Voidable_Contracts

This document compares void and voidable contracts across 10 key points, highlighting their definitions, validity, legal status, consent issues, and the rights of parties involved. A void contract is unenforceable from the start, while a voidable contract is initially valid but can be canceled by one party. The document also provides examples and discusses the implications for the parties involved.

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keethkoushik812
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6 views

Void_vs_Voidable_Contracts

This document compares void and voidable contracts across 10 key points, highlighting their definitions, validity, legal status, consent issues, and the rights of parties involved. A void contract is unenforceable from the start, while a voidable contract is initially valid but can be canceled by one party. The document also provides examples and discusses the implications for the parties involved.

Uploaded by

keethkoushik812
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Difference Between Void and Voidable

Contracts
Here is a detailed comparison between void and voidable contracts in 10 key points:

Point Void Contract Voidable Contract


1. Definition A contract that is not A contract that is
enforceable by law and has enforceable by law at the
no legal effect. option of one or more
parties.
2. Validity It is invalid from the It is initially valid, but may
beginning or becomes become void if the
invalid due to certain aggrieved party chooses to
reasons. cancel it.
3. Legal status No legal obligations arise Legal obligations exist until
from a void contract. the contract is voided by the
aggrieved party.
4. Consent Usually involves lack of Involves improper consent
legal capacity or illegal (coercion, fraud, undue
object, making it void influence, etc.).
automatically.
5. Right to sue No party can sue for non- The aggrieved party can sue
performance. for damages or enforce the
contract.
6. Parties’ intention May have been entered into Intention is present, but
with or without intention to consent is defective.
create legal obligations.
7. Ratification Cannot be ratified or made Can be ratified by the
valid. aggrieved party, making it
fully valid.
8. Example An agreement to do A contract signed under
something illegal, like coercion or fraud.
selling banned drugs.
9. Nature of defect The defect is in the The defect lies in the
formation or legality of the consent or capacity of the
contract. parties.
10. Effect on parties Parties are not bound by the One party is bound, and the
terms at all. other can choose to enforce
or void the contract.

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