<P> A voidable contract, unlike a void contract, is a valid contract which may be either affirmed or rejected at the option of one of the parties . At most, one party to the contract is bound . The unbound party may repudiate (reject) the contract, at which time the contract becomes void . </P> <P> Typical grounds for a contract being voidable include coercion, undue influence, misrepresentation or fraud . A contract made by a minor is often voidable, but a minor can only avoid a contract during his or her minority status and for a reasonable time after he reaches the age of majority . After a reasonable period of time, the contract is deemed to be ratified and cannot be avoided . Other examples would be real estate contracts, lawyer contracts, etc . </P>

Introduction to the concept of free consent and voidable contract