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A voidable contract is one which
- a)can be enforced at the option of aggrieved party
- b)can be enforced at the option of both the parties
- c)cannot be enforced in a court of law
- d)courts prohibit.
Correct answer is option 'A'. Can you explain this answer?
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A voidable contract is one whicha)can be enforced at the option of agg...
Explanation:
Voidable contract is a type of contract which can be enforced at the option of the aggrieved party. Let us understand the meaning of voidable contract in detail.
Meaning of Voidable contract:
A voidable contract is a contract which is valid at the time of its formation but can be avoided or set aside by one or both of the parties to the contract. Such a contract is voidable because it is subject to being voided or invalidated based on certain circumstances.
For example, a contract entered into under duress, undue influence, or fraud is a voidable contract. In such a case, the party who was under duress, undue influence, or fraud can choose to avoid the contract.
Enforcement of Voidable contract:
A voidable contract can be enforced at the option of the aggrieved party. This means that the party who has been harmed by the contract can choose to enforce it if they wish. However, the other party to the contract cannot force the aggrieved party to enforce the contract.
For example, if A enters into a contract with B under duress, A can choose to avoid the contract. However, if A decides to enforce the contract, B cannot force A to do so.
Conclusion:
To sum up, a voidable contract is a valid contract that can be avoided or set aside by one or both of the parties to the contract. Such a contract is enforceable at the option of the aggrieved party.
Voidable contract is a type of contract which can be enforced at the option of the aggrieved party. Let us understand the meaning of voidable contract in detail.
Meaning of Voidable contract:
A voidable contract is a contract which is valid at the time of its formation but can be avoided or set aside by one or both of the parties to the contract. Such a contract is voidable because it is subject to being voided or invalidated based on certain circumstances.
For example, a contract entered into under duress, undue influence, or fraud is a voidable contract. In such a case, the party who was under duress, undue influence, or fraud can choose to avoid the contract.
Enforcement of Voidable contract:
A voidable contract can be enforced at the option of the aggrieved party. This means that the party who has been harmed by the contract can choose to enforce it if they wish. However, the other party to the contract cannot force the aggrieved party to enforce the contract.
For example, if A enters into a contract with B under duress, A can choose to avoid the contract. However, if A decides to enforce the contract, B cannot force A to do so.
Conclusion:
To sum up, a voidable contract is a valid contract that can be avoided or set aside by one or both of the parties to the contract. Such a contract is enforceable at the option of the aggrieved party.
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A voidable contract is one whicha)can be enforced at the option of aggrieved partyb)can be enforced at the option of both the partiesc)cannot be enforced in a court of lawd)courts prohibit.Correct answer is option 'A'. Can you explain this answer?
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