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Asked by Kirti on :Dec. 15, 2017

Hey....I have heard that when consent of the othe…

Hey....I have heard that when consent of the other party is not free, contract is said to be voidab…

Hey....I have heard that when consent of the other party is not free, contract is said to be voidable....Is it true?? Can you please explain me the whole concept of voidable contract??

0

Kanishka Dec. 15, 2017

Yes, when the consent of a party to a contract is not free, their contract becomes voidable.
Voidable contract is a contract where an aggrieved party exists and he decides whether or not the contract is valid.

There are five reasons because of which the consent of a party is not free. This mainly happens due to coercion (use of force, threats to life or property), undue influence (solely due to the influence made by a teacher, doctor, lawyer and not on clear conscience), fraud or misrepresentation by the other party or mistake. However, A voidable contract can be enforced in the court of law by the aggrieved party if he thinks that such contract is in his favour.

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