Definition, Meaning & Synonyms
voidable
Adjective
/ˈvɔɪdəbl/
Definition
Voidable refers to an agreement or contract that is valid and enforceable unless one party chooses to void or cancel it.
Examples
- The agreement was deemed voidable because it was signed under duress.
- If one party fails to meet their obligations, the other party can consider the contract voidable.
- The voidable nature of the contract allowed the wronged party to seek a remedy.
Meaning
In legal terms, a voidable contract is one that remains in effect until one party decides to reject it due to certain circumstances, such as fraud, misrepresentation, or duress.
Synonyms
- Cancelable
- Reversible
- Nullifiable