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In the context of cut contracts, a contract can be valid, void, or voidable. A voidable contract allows one or both parties to declare it void, typically due to issues like lack of capacity, fraud, or misrepresentation. For example, if a minor (under 18 years old) enters into a contract, they can void it before reaching the age of majority, seeking a refund or restoration of their position. This illustrates that certain parties may have the legal power to invalidate a contract based on specific circumstances surrounding their ability to enter into agreements.
