20:55
MIAMI A
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
voidable promise
Read a random definition: Oireachtas
A quick definition of voidable promise:
A voidable promise is a type of promise that can be cancelled or made void. This means that the promise may not be legally binding and can be undone. Voidable promises are different from void promises, which have no legal effect at all. A voidable promise can be enforced if both parties agree to it, but it can also be cancelled if one party decides to do so.
A more thorough explanation:
A voidable promise is a type of promise that can be cancelled or made void by one of the parties involved. This means that the promise is not completely null and void, but can be invalidated under certain circumstances.
For example, if someone promises to sell their car to another person, but later discovers that the car has serious mechanical issues, they may be able to void the promise. The promise was not completely null and void from the beginning, but it can be cancelled due to the discovery of the car's issues.
Another example of a voidable promise is when a person makes a promise under duress or coercion. In this case, the promise may be voidable because it was not made voluntarily.
Overall, a voidable promise is a promise that can be cancelled or made void under certain circumstances, but is not completely null and void from the beginning.