Void and voidable contract.
When dealing with contracts, the terms "void" and
"voidable" are often confused.
A void contract is a contract that is not enforceable by
the law. It has no lawful effect and does not confer any
right
Even if one party breaches the contract, the other party
cannot recover anything because essentially there is no
valid contract. For example, a contract between drug
dealers and buyers is a void contract simply because the
terms of the contract are illegal. In such a case, neither
party can go to court to enforce the contract. Reasons of
void Contract: first of all when
Contracts involving an illegal activity such as
gambling, prostitution, or committing a crime.
Contracts entered into by someone who is not legally
competent (mental illness or minors).
Contracts made without consideration.
Contracts that are against public policy .
Contracts that restrain certain activities such as;
(right to choose who to marry, restraining legal
proceedings, the right to work for a living, etc.).
Voidable contracts are valid agreements, but one or both
of the parties to the contract can void the contract at any
