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In the context of cut contracts, a contract can be classified as valid, void, or voidable. A voidable contract allows one or both parties the option to make the contract void, typically due to circumstances like lack of mental capacity, fraud, or misrepresentation. For instance, if one party is a minor, such as a 17-year-old in a jurisdiction where the age of majority is 18, they can choose to void the contract before turning 18. This means they have the right to request a refund or ify the agreement at any time prior to reaching the age of majority.
