Short Essays

Short Essays

• A voidable contract is a contract which is entered into without the free consent of one contracting party.

• When faced with a voidable contract, this contract is still valid until and unless the courts set aside/end the contract.

• A contract lacks consent if it is entered into due to misrepresentation which is a false statement of facts which causes the other party to enter into the contract.

• A contract is voidable if it is entered into due to duress which consists of threats of physical violence to person or threat to take away a person’s livelihood.

• Lastly a contract is voidable if it is entered into without the free will of the person who is subjected to undue influence of another.

Question 2

• A void contract is not enforceable by the law. It is treated as if it has never existed from the beginning.

• A contract can be void due to lack of capacity such as age. A contract with someone under 18 is void.

• Likewise a contract with a mentally unstable person is also void.

• Lastly a contract without consideration is void because a contract must be supported with a price or an exchange.

Question 3

• Damages following a breach of contract is to compensate the innocent contracting party.

• The innocent party must be able to prove his loss which he could not avoid although he took reasonable steps to avoid such loss.

• Losses which can be claimed are natural losses and special losses.

• Natural losses are losses which arise naturally from