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today we are going to talk about what makes a contract valid void or voidable lets start with a valid contract the valid contract is one that meets the basic elements of contract law for example you sign to buy a blue house the house is blue the contract is valid easy-peasy next lets discuss a voidable contract so lets take that blue house you sign to get a blue house and youre very excited about your blue house but when you show up lo and behold the house is a hideous color of green oh no now what do you do well you have the option to rescind out of the contract because you agreed for blue house the house is now green but this is not void this is what a bowl because you may like that color green and may be your thing so you have the option to follow through with that contract contracts that have fraud or misrepresentation are also voidable also contracts that are signed under duress for example if somebodys holding a gun to your head saying sign this contract buy this house sign
