an agreement that is otherwise binding and enforceable, but because of the circumstances surrounding its execution or the lack of capacity of one of the parties, it may be rejected at the option of one or both of the parties
A contract that seems to be valid on the surface but may be rejected or disaffirmed by one or both of the parties. void contract A contract that has no legal force or effect because it does not meet the essential elements of a contract.s
A contract in which one party has the right to avoid his or her obligations under the contract without incurring legal liability to the other party. See also valid contract, void contract,and voidable contract.
A contract which is capable of being adjudged void; i.e., it is valid and enforceable on it's face, but due to some deficiency, the parties to the contract may reject or void it. Important: A voidable contract is valid until it is rescinded.