Agency
In South Carolina, what is the difference between 'void' and 'voidable' in contracts?
AThey are the same
BVoid contracts have no legal effect and cannot be enforced by either party; voidable contracts are valid but can be rescinded by one party✓ Correct
CVoidable means completely invalid; void means partially enforceable
DVoid contracts require court action to nullify; voidable do not
Explanation
A void contract has no legal effect from its inception (e.g., a contract to do something illegal). A voidable contract is valid but can be disaffirmed by one party (e.g., a contract with a minor or one induced by fraud). Only voidable contracts may be ratified.
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