Void and voidable Contracts

A void contract is like an agreement that never existed; it's illegal or impossible to enforce, such as a contract for something unlawful. On the other hand, a voidable contract is a valid agreement that can be enforced but may be canceled by one party under specific circumstances, like contracts signed under duress or by minors. In summary, void contracts cannot be legally upheld, while voidable contracts are initially valid but may become unenforceable if one party chooses to withdraw. Understanding these distinctions helps clarify which agreements hold legal weight.