answersLogoWhite

0

"Invalid contract" might describe the terms of an agreement that purports to be a contract--but by one or more legal theories does not constitute one, and is therefore unenforceable as one. This refers to a defect in contract formation--whose elements are those of mutual assent (effectively-communicated offer and acceptance) and consideration (a bargained-benefit or detriment). An "invalid contract" may or may not be enforceable as a set of one or more enforceable promises, depending on whether alternative theories apply, such as that of promissory estoppel.

Void contract, as compared with voidable contract,refers to a contract that has become void by reason of one or more contract-law avoidance theories. A voidable contract is one voidable at the option of one of the parties. Two examples: a contract entered into for an illegal purpose is void. A contract entered into by a minor is voidable at the minor's option unless subsequently ratified.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

When the principal die the irrevocable power of attorney is valid or invalid?

when the principle die the irrevocable power of attorney is valid or invalid


Valid and invalid?

definitly valid. recommend me


What does the base word mean in invalid?

The base word in "invalid" is "valid," which means something that is acceptable or true. When you add the prefix "in-" to "valid," it changes the meaning to "not valid" or "not acceptable."


What is the base of invalid?

it is valid


What part of speech is invalid?

The word invalid is an adjective. It describes something that is not valid.


Is an argument valid or invalid?

An argument is valid if the conclusion logically follows from the premises. It is invalid if the conclusion does not logically follow from the premises.


Is it invalid or valid that non sale items is affordable?

It is neither valid nor invalid. It all depends on your purchasing power.


What is the difference between a valid or invalid argument?

An invalid argument is when the facts you are using are invalid or your forms of defense are wrong or incorrect, a valid argument is the opposite of an invalid argument. "There is a windmill in my beard. your argument is invalid." (This is a good example of a bad contradiction)


Is the argument denying the antecedent valid or invalid?

The argument denying the antecedent is invalid.


What is your passport status?

It is either valid or invalid


What rhymes with invalid?

Salad, ballad, valid


Can an argument be invalid and sound?

No, but it can be unsound and valid.