voidable


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Related to voidable: voidable preference, Voidable marriage

Voidable

Describing a contract that comes into force, but which a court may or is likely to nullify it before its completion. A voidable contract may (but does not necessarily) violate the law. See also: Rescission.

voidable

Capable of being set aside and rendered not enforceable, but not inherently without legal effect. Contracts made by minor children are voidable when they reach the age of majority, but are not automatically void. Contrast with void.

References in periodicals archive ?
In this CLE webinar a panel of skilled practitioners assembled by The Knowledge Group, will discuss the newly approved 2014 Voidable Transactions Act (UVTA) and the Significant Amendments for Conflict Laws, review difficulties faced by practitioners under the current law; and provide guidance in addressing fraudulent transfers.
The law provides various circumstances in which an obligation or contract may be void or voidable.
Supreme Court, in a seven-to-one decision authored by Justice Scalia, made clear that the distinction between void and voidable was irrelevant under Prima Paint or other Supreme Court decisions.
In the past the courts regarded marriages that did not comply with the requirements to be voidable in order to ensure at least some protection to the families of the different marriages.
One consequence of making contracts voidable rather than void is that third parties have a greater chance for protection for any reasonable reliance on a contract formed under duress.
Under the common law, a contract with an infant is merely voidable by the infant, but the CARD Act renders a credit card contract with an infant void even if she would have preferred to abide by it.
727, 734 (2005) ("[W]hen one party misrepresents its case or otherwise engages in impermissible conduct, a plea bargain might be voidable.
In short, these are provisions providing that if any one provision of an act is void, voidable, or unconstitutional, all of the remaining provisions of the act shall remain in full force and effect.
recipient is justified in relying, the contract is voidable by the
Id at 104, 776 NE2d at 202 ("[T]he allegation that the judgment or order is void substitutes for and negates the need to allege a meritorious defense and due diligence"); In re Custody of Ayala, 344 Ill App 3d 574, 583-84, 800 NE2d 524, 534 (1st D 2003) (distinguishing between void and voidable orders).
For marriage conducted between 16 and 18 years, it should be made voidable based on certain considerations.
Now in most cases contracts can become voidable under certain circumstances.