1. What are the differences among valid void, and voidable contracts?

## Brief ExplanationsA valid contract is a legally binding agreement with all necessary elements (offer, acceptance, consideration, and intention to create legal relations). A void contract is one that is not legally enforceable from the start due to illegality or lack of one or more essential elements. A voidable contract is a valid contract but can be declared void at the option of one party due to factors such as misrepresentation, coercion, or undue influence.# Answer1. Valid Contract: A legally binding agreement with all necessary elements.2. Void Contract: Not legally enforceable from the start due to illegality or lack of essential elements.3. Voidable Contract: A valid contract that can be declared void at the option of one party due to factors like misrepresentation, coercion, or undue influence.