Voidable Contract

Definition: A voidable contract remains effective unless a party with a legally protected right chooses to avoid it.

Example

A buyer induced by qualifying fraud may have a right to rescind the agreement, depending on the facts and law.

Keep the distinction clear

Voidable is not the same as automatically void. It gives a protected party a choice; it does not give every party an unrestricted right to cancel.

Related terms

Valid Contract · Rescind (Rescission) · Competent Parties (Contract Capacity)

Keep studying

Valid, Void, Voidable, and Unenforceable Contracts

References: Cornell LII: voidable · Cornell LII: rescission

Pronunciation (US): VOY-duh-buhl KON-trakt (capitals show stress)

Pronunciation reference: Merriam-Webster