What are voidable contracts?
An example of an AI chatbot conversation about voidable contracts.
What are voidable contracts?
Voidable contracts are agreements that can be legally voided at the discretion of one party due to certain circumstances.
Can you give me an example of a voidable contract?
Sure! A common example is a contract signed by a minor, which they can choose to void when they reach adulthood.
What makes a contract voidable?
A contract is voidable if one party has the right to withdraw due to factors like misrepresentation, undue influence, or lack of capacity.
How does one enforce a voidable contract?
To enforce a voidable contract, the party with the right to void must choose to affirm the contract instead of voiding it.
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