DIFFERENCE BETWEEN VOID AGREEMENT AND VOIDABLE CONTRACT

BASIS OF DIFFERENCE VOID AGREEMENT VOIDABLE CONTRACT

It is valid when made and
It is void from the very continues to remain valid
Void ab-intio
beginning till it is repudiated by the
aggrieved party.
It is void because an essential It is voidable because the
Which essential element
element of a valid contract is consent of a party is not
of contract is missing
missing free.
It continues to be
It cannot be enforced by any enforceable if the
Enforceability
party aggrieved party does not
repudiate the contract.
A third party who
purchases goods in good
Third party does not acquire faith and for consideration
Right of third party
any rights. before the contract is
repudiated acquires good
title of those goods.
On the expiry of
reasonable time, it may be
Even on the expiry of a
Effect of lapse of come a valid contract, if the
reasonable time, it can never
reasonable time aggrieved party does not
become a valid contract.
repudiate the contract
within reasonable time.
The question of damages The aggrieved party can
Damage
does not arise. claim damages.

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