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Defective Contracts: Types & Remedies

The document outlines 4 types of contracts - rescissible, void, voidable, and unenforceable contracts. It provides details on the validity, period of action, and remedy examples for each type of contract. Rescissible contracts are valid until rescinded with a 4 year period of action and rescission as a remedy. Void contracts are invalid with no period of action and annulment as a remedy. Voidable contracts are valid until annulled with a 4 year period of action and annulment or ratification as possible remedies. Unenforceable contracts are valid but cannot be enforced in court.

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Maningas John Paul
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22 views1 page

Defective Contracts: Types & Remedies

The document outlines 4 types of contracts - rescissible, void, voidable, and unenforceable contracts. It provides details on the validity, period of action, and remedy examples for each type of contract. Rescissible contracts are valid until rescinded with a 4 year period of action and rescission as a remedy. Void contracts are invalid with no period of action and annulment as a remedy. Voidable contracts are valid until annulled with a 4 year period of action and annulment or ratification as possible remedies. Unenforceable contracts are valid but cannot be enforced in court.

Uploaded by

Maningas John Paul
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Rhegen, Sanchez B.

Defective Prescriptive
As to Requisites Period of Action
Remedy Examples
Contracts Validilty
The status of Four years Rescission
Rescissible contract is valid
Contracts Until Rescinded.

Contract is invalid No Perspective Video None


Void Contracts
The status of Four years Annulment
Voidable contracts is valid
Contracts until annulled

The status of Not Applicable Ratification


Unenforceable contract is valid
Contracts but unenforceable
by court of action.

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