Assertion: voidable contract | /r/HasProperty | enforceable
Facets:
value: except the fact
type: OTHER
value: legally
type: MANNER
value: except the circumstances
type: OTHER
value: originally
type: MANNER
Source sentences:
text: A voidable contract is originally considered to be legal and enforceable but can be rejected by one party if the contract is discovered to have defects.
text: A void contract differs from a voidable contract because, while a void contract is one that was never legally valid to begin with (and will never be enforceable at any future point in time), voidable contracts may be legally enforceable once underlying contractual defects are corrected.
text: A voidable contract is an agreement that would be binding and enforceable except the circumstances surrounding its execution, or the fact that one of the parties lacks capacity, makes the contract voidable at the option of one of the parties.