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Comparison of Defective Contracts
Comparison of Defective Contracts
1.) As to defect
2.) As to effect
5.) As to ratification
Void contracts: not just the contracting parties, but also a 3rd person whose interest is
directly affected
Voidable contracts: only a contracting party
Rescissible contracts: not just the contracting parties, but also a 3rd person who is
prejudiced or damaged by the contract
Unenforceable contracts: only a contracting party