answersLogoWhite

0


Best Answer

The major similarity that both poses is that no one is having full force of enforcement as in the case of void contracts which are unenforceable ab initio and voidable contract also when rescinded by the other party can never be enforced in any court of law.




By Isare Peter. LL.B UDSM

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the similarities between void and voidable contract?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Movies & Television

Can you void a contract if surname is spelled wrong?

A mis-spelled name is not enough to void a contract. It would be clear to both parties who was it was intended to be.


Is it legal for a 10-year-old to sign a contract?

No........ according to Indian contract Act a person must have attained the age of 18 to enter in to a contract or else that contract becomes void and null contract as it is a contract made with minor............


Why should you avoid kid-bids in on-line auctions?

Kid-bids online, just as in the natural world, can be recinded. A minor, under the age of 18, may disaffirm a contract entered into with someone at the age of majority. In other words, a child can void a contract or bid because the child is under the age of 18. A minor can enter into any contract that is not prohibited by law. An adult who enters into a contract with a minor cannot recind a contract made with a minor. Illegal contracts are considered void.


Marrying an illegal fake id is it void?

Yes, absolutely. Marriage is a legal contract, everywhere in the world. A marriage with someone who legally does not exist or cannot get married is void. What you must know is how to get its (legal) annulment. Call a lawyer and do it quickly.


Does an infant have the capacity to enter into a contract?

An infant has no capability to understand a contract, much less an ability to sign one. You must be considered an adult to sign a contract and be held responsible for it. In most cases, this means you must be at least 18 to enter into an agreement, including renting cars and hotel rooms.

Related questions

A contract without legal effect is?

A. Void B. Voidable C. Voiding D. Avoid ANSWER: A Void


In Georgia can a minor void a contract or is it voidable?

In Georgia, a minor cannot sign a contract. If a minor does sign a contract, it is voidable because it is illegal.


What is the difference between a void and voidable marriage?

citing the relevant authorities explain the differece between void and voidable marriages


If the VIN is incorrect can it void the contract?

Depending on the state of contract, a mistake on the VIN may or may not be voidable. Under old laws, a mistake on a VIN can cause a contract to be voidable.


What is voidable contract?

A contract that can be voided. It is a valid contract unless the party with the ability to void it does so. Examples of those that can create voidable contracts are minors, mentally disabled persons, or an intoxicated person.


What is the Difference between void contracts and voidable contracts?

A void contract is one that has no effect due to some fundamental defect. Generally no property can pass under a void contract. Contracts contrary to public policy, for example, to restrain another from pursuing their business, are usually void. A voidable contract on the other hand, is a valid contract but the law gives one party an option whether or not to proceed with the agreement. For instance, there may be misrepresentation which allows the innocent party to make certain choices, thus a contract declared voidable. • •


What is the defect of a voidable contracts?

A void contract is one that is no longer enforceable for some reason, such as it has expired or the parties have cancelled it. A voidable contract is one where one or both of the parties could walk away from the contract without further obligation, but has not done so.


A Void contract is a contract that?

A void contract is one that is no longer in effect for a number of reasons. A contract may also be voidable for a number of reasons that are too detailed to go into here. For a full discussion of contract law, especially the Uniform Commercial code and contract formation see the link below.


Are tying contracts legal?

A tying contract may have a voidable term or provision but that would not necessarily void the other terms and conditions.


Does a minor have the absolute right to void a contract?

A minor does not have the absolute right to void a contract. As a general rule, contracts made by minors are voidable by the minor at any time up until the minor affirms the contract after reaching majority or until a reasonable times after reaching majority. There are cases where a minor can be held liable for his/her actions if at the time the contract was entered they acted in a responsible and adult-like that proves they were of a capacity to understand the contract. However, the burdon to prove that the minor was actually of capacity falls on the other parties in the contract.


What is the differences between valid void voidable contract with examples?

Type your answer here... A marriage which fulfills all the condition laid down in Islamic law is called valid marriage. A marriage which can't be legalized in any circumstancees is called void marriage.


What is a contractual relationship?

Legal relationship between contracting-parties evidenced by (1) an offer, (2) acceptance of the offer, and a (3) valid (legal and valuable) consideration. Existence of a contractual relationship, however, does not necessarily mean the contract is enforceable, that it is not void (see void contract), or not voidable (see voidable contract). Read more: http://www.businessdictionary.com/definition/contractual-relationship.html#ixzz166WySF1X