Contracts
What is the difference between a void contract and a voidable contract?
AThere is no difference; the terms are interchangeable
BA void contract has no legal effect from the start; a voidable contract is valid but can be cancelled by one party✓ Correct
CA void contract can be ratified; a voidable contract cannot
DVoid contracts involve real property; voidable contracts involve personal property
Explanation
A void contract has no legal effect from inception (e.g., a contract for an illegal purpose). A voidable contract is initially valid but can be cancelled by the injured or disadvantaged party (e.g., a contract signed under duress or by a minor).
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