voidable contract definition

voidable contract means an agreement which is enforceable by law at the option of a party to a contract but not at the option of the other party and a contract which ceases to be enforceable by law and which becomes void when it ceases to be enforceable.
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voidable contract means an agreement which has legal effect and force when it is made, but is liable to be subsequently annulled or set aside by the courts through the process of rescission at the option of a party to a contract.
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Related to voidable contract

  • avoidable costs means those costs which would not be incurred by the Licensee if he did not supply the consumers in question, including (but with due regard to the timing thereof all relevant future outlays affected by the decision to supply; and "terms" means all the terms on which a supply of gasis provided or offered, whether as respects charges, methods of payment or otherwise.