Question
Distinguish between void and voidable contracts.
Answer :
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A void contract is one that is not legally valid or enforceable from the beginning. It has no legal effect and cannot be enforced by either party. These contracts are considered null and void because they fail to meet the essential requirements for a valid contract, such as legality, consent, or capacity. Examples of void contracts include agreements that involve illegal activities, like the sale of illegal drugs or contracts that lack a lawful object. On the other hand, a voidable contract is a contract that is initially valid and enforceable but can be rescinded or annulled by one of the parties involved.
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