Question

'Voidable ' contract means __________.

• A. parties are incompetent to contract
• B. free consent of the parties is missing
• C. consideration is inadequate
• D. the object of contract is expressly declared void by the act itself.

Answer 1

The correct option is B free consent of the parties is missing

A voidable contract,unlike a void contract, is a valid contract . At most, one party to the contract is bound. The unbound party may repudiate the contract, at which time the contract is void. Reason that can make a contract voidable include failure by one or both parties to disclose a material fact; a mistake , misrepresentation of fraud etc.