Voidable contract
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A voidable contract, unlike a void contract, is a valid contract. At most, one party to the contract is bound. The unbound party may repudiate the contract, at which time the contract is void.
As per Section 2(i), " An agreement which is enforceable by law at the option of one or more parties but not at the option of the other or others is a Voidable Contract."
As per section 15-13 "A contract become voidable when the consent of one or more of the parties to a contract is obtained by coercion, undue influence, misrepresentation or fraud
- See also:
- voidable generally
- void contract
- unenforceable
