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In the context of cut contracts, agreements can be categorized as valid, void, or voidable. A voidable contract allows one or both parties to declare it void, typically due to issues such as lack of capacity, fraud, or misrepresentation. For instance, if a party lacks the mental capacity to contract—often the case with minors—this can lead to a voidable situation. In jurisdictions where the age of majority is 18, a 17-year-old can void a contract at any point before reaching adulthood, seeking a refund or corrective measures.
