Void Contract

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Dictionary Says

Definition of 'Void Contract'

A formal agreement that is illegitimate and unenforceable from the moment it is created. A void contract could be considered void for a number of reasons. Common causes of a void contract are contract terms that are illegal or become illegal due to changes in law; one party to the contract lacks the capacity to enter into a contract because he is a minor or mentally incapacitated; and it is legal but declared null by the courts because it violates a fundamental principle.
Investopedia Says

Investopedia explains 'Void Contract'

There is some overlap in the causes that can make a contract void and the causes that can make it voidable. The fundamental difference between these two types of contracts is that a void contract is not legally valid or enforceable at any point in its existence, while a voidable contract can be legal and enforceable depending on how the contract defect is handled.
Search results for

'Void Contract'

  • Exploring Advanced Insurance Contract Fundamentals

    http://www.investopedia.com/articles/pf/06/advancedcontracts.asp
    ... Action Taken by Insurer Against a Breach When you supply inaccurate information
    with the intention to deceive, you insurance contract becomes void. ...

  • 6 Reasons To Avoid Private Mortgage Insurance

    http://www.investopedia.com/articles/pf/07/avoid_pmi.asp
    ... Payment Goes On and On - One final issue that deserves mentioning is that some lenders
    require the homeowner to maintain a PMI contract for a designated period ...

  • Consumer Protection Laws You Need To Know

    http://www.investopedia.com/articles/pf/10/know-your-consumer-protection-laws.asp
    ... after you signed them, but according to the FTC, there is a cooling off period where
    under certain circumstances, you might be able to void a contract. ...

  • Life Insurance Clauses Determine Your Coverage

    http://www.investopedia.com/articles/pf/06/lifeinsuranceclauses.asp
    ... truth to your insurer, see Exploring Advanced Insurance Contract Fundamentals.)
    Incontestable ... found guilty of concealment, your insurer will void the policy ...

  • What is an alienation clause?

    http://www.investopedia.com/ask/answers/08/alienation-clause.asp
    ... to another party, the new party must negotiate a new contract with the ... would cause
    the existing homeowner's insurance to become null and void, which would ...

  • Insurance Coverage: A Business Necessity

    http://www.investopedia.com/articles/pf/08/business-insurance-coverage.asp
    ... For more reading, check out Understand Your Insurance Contract and Insurance ... Make
    sure you understand what is covered and if your policies are void if you have ...

  • Questioning The Virtue Of A Short Sale

    http://www.investopedia.com/articles/stocks/08/virtue-short-sale-sell.asp
    ... Simply put, when there aren't shares to be had, the short seller fills the void,
    borrowing now and repaying later - either at a loss or a profit. ...

  • Student Loans: Private Loan Consolidation | Investopedia

    http://www.investopedia.com/university/student-loans/student-loans8.asp
    ... Special Contract Terms In the federal student loan program, you are given guaranteed
    ways ... off the loan, a balance transfer rate of 3-5% may void the benefits ...

  • Understanding Property Deeds

    http://www.investopedia.com/articles/realestate/12/property-deeds-and-real-property.asp
    ... A person who is competent to make a valid contract is considered competent to be
    a ... states, the gift deed must be recoded within two years or it becomes void. ...

  • Forex Tutorial: Forex History and Market Participants ...

    http://www.investopedia.com/university/forexmarket/forex4.asp
    ... be a need to set up a monetary system in order to fill the void that was ... As such,
    it could enter into a contract that locked in the current exchange rate to ...

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