BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A void contract differs from a voidable contract, although both may indeed be nullified for similar reasons. A contract may be deemed void if it is not enforceable as it was originally written.

Detailed explanation-2: - A void contract [4302.14]is a contract having no legal force or binding effect (e.g., a contract entered into for an illegal purpose);

Detailed explanation-3: -While a void contract is completely unenforceable by law, a voidable contract is a valid agreement. However, the terms within a voidable contract provide one or both parties entering into the contract the ability to void the contract at any time.

Detailed explanation-4: -The difference between void and voidable contracts Is that a void contract is illegal and unenforceable while a voidable contract is legal and the parties can enforce it. A void contract is invalid or entirely against the law, so no one involved can say it’s enforceable under the law.