voidable contract

voidable contract
agreement in which one or both of the parties involved have the ability to cancel

English contemporary dictionary. 2014.

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  • voidable contract — ➔ contract1 * * * voidable contract UK US noun [C] LAW ► a contract that has legal force when it is made but that may lose this in some situations: »The commonest example of a voidable contract is one where a party has induced the other party to… …   Financial and business terms

  • voidable contract — n. A contract that may be legally voided by one or both parties, but that is valid until voided. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • Voidable contract — A voidable contract, unlike a void contract, is a valid contract. At most, one party to the contract is bound. The unbound party may repudiate the contract, at which time the contract is void.For example, depending upon jurisdiction, a minor has… …   Wikipedia

  • Voidable Contract — A formal agreement between two parties that may be rendered unenforceable for a number of legal reasons. Reasons that can make a contract voidable include failure by one or both parties to disclose a material fact; a mistake, misrepresentation or …   Investment dictionary

  • voidable contract — A contract which, although defective so as to be avoided by one of the parties, is valid and binding until it is avoided by a disaffirmance. Williston, Contracts 3d ed § 15; Restatement, Contracts § 113; 17 Am J2d Contr § 7. The view of some… …   Ballentine's law dictionary

  • voidable — void·able / vȯi də bəl/ adj: capable of being voided; specif: subject to being declared void when one party is wronged by the other a voidable contract void·abil·i·ty /ˌvȯi də bi lə tē/ n Merriam Webster’s Dictionary of Law. Merriam Webster.… …   Law dictionary

  • voidable — void‧a‧ble [ˈvɔɪdəbl] adjective LAW a voidable contract, agreement etc can be declared void: • The contract was voidable on the grounds of fraud. * * * voidable UK US /ˈvɔɪdəbl/ adjective LAW ► able to be made void: »A misrepresentation by one… …   Financial and business terms

  • contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary

  • Voidable — Void a*ble, a. 1. Capable of being voided, or evacuated. [1913 Webster] 2. (Law) Capable of being avoided, or of being adjudged void, invalid, and of no force; capable of being either avoided or confirmed. [1913 Webster] If the metropolitan …   The Collaborative International Dictionary of English

  • Contract — law …   Wikipedia

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