Describing a contract or legal act that is valid unless one party chooses to void it. Unlike void contracts, voidable contracts are enforceable until the disadvantaged party exercises their right to cancel.
From 'void' (empty, having no legal effect) with the suffix '-able' indicating capability. The distinction between void and voidable developed as courts recognized that some defective contracts should remain enforceable unless challenged.
Voidable contracts are like a 'get out of jail free' card that only one person can play! The contract works perfectly fine until the person who was wronged decides to tear it up - then it disappears as if it never existed.
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