Voidable Contracts

A voidable contract is an agreement that can be legally canceled by one party without facing penalties. In the context of joint and several contracts, where multiple parties are involved, one party may have the right to void their agreement due to issues like misrepresentation, undue influence, or lack of capacity. This means that while the contract remains valid for the others, the party who chooses to void it is not held liable for their part of the agreement. Thus, those involved must understand the implications of one party potentially withdrawing consent.