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

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

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

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EdenVeteran · Tutor for 12 years

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## Brief Explanations<br />A 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.<br /><br /># Answer<br />1. Valid Contract: A legally binding agreement with all necessary elements.<br />2. Void Contract: Not legally enforceable from the start due to illegality or lack of essential elements.<br />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.
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