A
contract, that which is
enforceable, valid, and
binding until it became
void. A contract that is
voidable is one where the
offended party may make a
choice to withdraw from the
contract and pursue with
damages against the
offending party, or to
continue with the contract
and make it binding.
Most
voidable contracts are those
that are made by a minor,
who cannot be held liable
for a real estate contract,
we strongly encourage to ask
for a government ID if any
doubt about the age of a
buyer or seller exist.
However, if the minor does
nothing to avoid the
contract within the
reasonable of time after
reaching the age of
majority, the contract will
become valid and
enforceable.
A
voidable contract, unlike a
void contract, is one
that was enforceable but is
not anymore.
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