what is voidable contract
A voidable contract is an agreement entered into by two or more parties that can be declared invalid by one of the parties for a legal reason. Usually, only one of the parties has the right to cancel the contract.Until that party voids the contract, it remains valid and binding on all of the parties. voidable contract is different from a void contract. Void contracts are contracts that cannot be legally enforced on the parties. If two parties enter into an agreement to perform an illegal action, for instance, the contract would be considered a void contract.