释义 |
voidable contract A contract that, though valid when made, is liable to be subsequently set aside (compare void contract). Voidable contracts may arise through misrepresentation, some instances of mistake, non-disclosure, and duress (see economic duress; undue influence). Certain proprietary contracts entered into by minors are also voidable (see capacity to contract). The setting aside of a voidable contract is effected by rescission. |