voidable

refers to a contract that allows one of the parties to rescind the agreement because they entered into the agreement under a disability.

Example: If an individual bought a piece of land but the seller used fraud to induce the sale the contract is considered voidable and can be voided by the injured party. The purchaser has the right to void the contract but not the seller who used fraud. If the purchaser finds oil under the land the seller does not have the same right to void the contract claiming it was voidable.

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