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Voidable Contract - Law Dictionary Search Results

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transaction

things that reciprocally affect or influence each other 3 in the civil law of Louisiana : an onerous contract that is intended by the parties to prevent or end actual or possible litigation and in which they

transfer of ownership

purchase of a property, assumption of mortgage debt, exchange of possession of a property via a land sales contract or any other land trust device. Source: U.S. Department of Housing and Urban Development

terminate

or effect vt 1 : to bring to a definite end esp. before a natural conclusion [ a contract] compare cancel, rescind 2 : to discontinue the employment of ter·mi·na·tion [tər-mə-nā-shən] n

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unilateral

by only one party esp. because the other has already performed (as by paying an amount) [an option contract is ] uni·lat·er·al·ly adv

usage of trade

NOTE: Evidence of a usage of trade may be admissible as supplementing the express terms of a disputed contract when it does not contradict them.

valid

1 : having legal efficacy or force [a license] ;esp : executed with proper authority and form [a contract] [a search] 2 : having a legitimate basis : justifiable [a reason for terminating the employee] 3 :

vitiate

vitiate -at·ed -at·ing : to make ineffective [fraud s a contract]

wage

wage 1 : a payment usually of money for labor or services usually according to a contract and on an hourly, daily, or piecework basis often used in pl. 2 pl : the share of

waiver

evidencing such an act compare estoppel, forfeiture NOTE: Acts or statements made while forming or carrying out a contract may constitute a waiver and prevent a party from enforcing a contractual right (as when an insurer is

Infant

cannot speak], a person under twenty-one years of age, whose acts are in many cases either void or voidable. See AGE. At Common Law, the contracts of infants are divided into three classes: 1st. Those which are … of age, whose acts are in many cases either void or voidable. See AGE. At Common Law, the contracts of infants are divided into three classes: 1st. Those which are absolutely void; such as are positively injurious

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