Contracts
In Nevada, what is the difference between a void and a voidable contract?
AA void contract was once valid; a voidable contract was never valid
BA void contract has no legal effect from the start; a voidable contract may be affirmed or rescinded by one party✓ Correct
CBoth terms describe the same legal concept
DA voidable contract requires court action to cancel; a void contract does not
Explanation
A void contract has no legal effect and cannot be enforced by either party (e.g., a contract for an illegal purpose). A voidable contract is valid but can be rescinded by one party due to a defect such as fraud, misrepresentation, or lack of capacity.
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