Voidable

Definition

  • When an individual or party involved in a contract is entitled to renege or retract the contract at his or her discretion.

Synonyms
rescindable, contractual condition, rendered void, annulled

Related Terms and Acronyms

  • Blank Cheque Definition,
    • A cheque that does not have a dollar amount written on it.
  • Breach of Contract (BOC) Acronym,
    • Failure to abide by terms of a legal agreement without a legal excuse.
  • Contract Definition,
    • An agreement between two or more parties that can be enforced by law.
  • Void Definition,
    • Of no legal effect. A nullity.
  • Void Cheque Definition,
    • A check with the word "VOID" written on the face that cannot be cashed.
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