VOID CONTRACT: A contract that is "void" cannot be enforced by either party.

, The
law treats a void contract as if it had never been formed. A contract will be considered
void, for example, when it requires one party to perform an act that is impossible or
illegal.

VOIDABLE CONTRACT: A "voidable" contract , on the other hand, is a valid contract

and can be enforced. Usually, only one party is bound to the contract terms in a
voidable contract. The unbound party is allowed to cancel the contract, which makes the
contract void.  

The Differences Between Void and Voidable Contract:

VOID CONTRACT VOIDABLE CONTRACT

In a void contract no obligation or right arises
A voidable contract continues at the option of
or accrues to parties to the contract from aone party; it is the desire of one party either to
void contract. Such contracts are not covered
rescind it or continue; it is enforceable at the
by law. option of one party and is covered by law.
A void contract can give rise to no legal A voidable contract remains valid until
liability since transaction is nullity. rescinded.
A void contract cannot confer any right. A voidable contract confers enforceable right
till is not essential
The contract becomes void when it ceases to A contract becomes voidable only when
be enforceable. consent to agreement is obtained by coercion,
undue influence fraud or misrepresentation.
A void contract cannot be made valid by A voidable contract can be made valid by the
parties to the contract by their consent. party who has a right to rescind it by giving
up his right of rescinding it.