What is one characteristic of a voidable contract?

A voidable contract has a significant characteristic in that it can become void if certain criteria are met. This means that one or both parties involved in the contract have the right to affirm or reject the agreement due to specific circumstances, such as misrepresentation, undue influence, or the lack of capacity of one of the parties.

For instance, if a contract is entered into under false pretenses, the party that was misled can choose to void the contract. This inherent flexibility allows the affected party to seek rescission of the contract, thereby ensuring fairness in situations where the consent of one party may not have been given freely or with full awareness of the implications.

The other options do not accurately reflect the nature of a voidable contract. A voidable contract can indeed be rescinded if one party chooses to do so, as opposed to being unalterable or always valid and enforceable. This distinction is crucial in understanding contract law and the rights of parties involved.