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voidable contract - translation to italian
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![[[Hugo Grotius]], one of the jurists credited with the development of Roman Dutch law](https://commons.wikimedia.org/wiki/Special:FilePath/Mierevelt grotius 1608.jpg?width=200 "[[Hugo Grotius]], one of the jurists credited with the development of Roman Dutch law")
![A contract from the [[Tang dynasty]] that records the purchase of a 15-year-old slave for six bolts of plain silk and five Chinese coins](https://commons.wikimedia.org/wiki/Special:FilePath/Chinese Slave trade.jpg?width=200 "A contract from the [[Tang dynasty]] that records the purchase of a 15-year-old slave for six bolts of plain silk and five Chinese coins")
![[[Thomas Boylston]] to [[Thomas Jefferson]], May 1786, Maritime Insurance Premiums](https://commons.wikimedia.org/wiki/Special:FilePath/Insurance Contact 2.jpg?width=200 "[[Thomas Boylston]] to [[Thomas Jefferson]], May 1786, Maritime Insurance Premiums")
![[[Fire insurance]] contract of 1796](https://commons.wikimedia.org/wiki/Special:FilePath/Insurance contract.jpg?width=200 "[[Fire insurance]] contract of 1796")
Definition
Wikipedia
A voidable contract, unlike a void contract, is a valid contract which may be either affirmed or rejected at the option of one of the parties. At most, one party to the contract is bound. The unbound party may repudiate (reject) the contract, at which time the contract becomes void.
Typical grounds for a contract being voidable include coercion, undue influence, mental incompetence, intoxication, misrepresentation or fraud. A contract made by a minor is often voidable, but a minor can only avoid a contract during his or her minority status and for a reasonable time after he reaches the age of majority. After a reasonable period of time, the contract is deemed to be ratified and cannot be avoided. Other examples would be real estate contracts, lawyer contracts, etc.
When a contract is entered into without the free consent of the party, it is considered a voidable contract. The definition of the act states that a voidable contract is enforceable by law at the option of one or more parties but not at option of the other parties. A voidable contract may be considered valid if it is not cancelled by the aggrieved party within a reasonable time.
