Voidable Contract: Meaning and Definition of Voidable Contract

Meaning of voidable contract -

         A voidable contract is something different and peculiar. One of the parties to the contract alone will have an option to challenge/repudiate or cancel the contract. If it is challenged it may be declared void. If it is not challenged it may be allowed to continue as valid. See...essential elements of a valid Contract

Definition of voidable contract - 

     Section 2(i) of the Indian  Contract Act 1872 defines a voidable contract. According to Section 2(i) of the Indian Contract Act 1872, "voidable contract is  an agreement, which is enforceable by law at the option of one or more parties thereto, but not at the option of the other or others, the contract is said to be voidable

Example: 

     When consent to an agreement is caused by coercion, fraud, misrepresentation the agreement is voidable at the option of the party whose consent was so caused.

See also 

Distinction between Void Contract and Voidable Contract

Difference / Distinction between Contract and Agreement

Distinction Between Coercion and Undue Influence

Difference / Distinction between Offer and Invitation to Offer