When is a contract considered voidable?

A contract is considered voidable when one party has the ability to affirm or reject the contract due to certain circumstances that affect the validity of the agreement. Misrepresentation occurs when one party provides false information or conceals significant facts that influence the other party's decision to enter into the contract. Because one party relies on this misrepresentation, they are given the option to either confirm the contract or void it, depending on how they choose to proceed after discovering the truth. This capability to void the contract underscores the significance of honest dealings in contracts—if misrepresentation is established, the affected party can choose not to be bound by the contract.

In situations where one party is unwilling, it does not necessarily translate to a voidable contract unless there are underlying issues such as duress or coercion. A legally unenforceable contract typically lacks essential elements that make it valid, meaning it cannot be enforced by either party rather than being voidable by one. Lastly, unmet terms or conditions generally indicate a breach of contract rather than the contract being voidable; it typically results in remedies for the aggrieved party rather than offering the option to void the contract altogether.