What is a void contract?

A void contract is an agreement between two or more parties that, for one reason or another, cannot be enforced. When a contract is deemed void, it has no legal effect and none of the parties are bound to fulfill any of the obligations that the contract may have stated. In North Dakota, there are several conditions which make a contract void, including any contract made with a minor (under the age of 18), a contract that is against public policy, and a contract that cannot be performed within one year. If one of these circumstances is present, the contract will be considered void and the parties will not be held to their contractual obligations. Furthermore, a contract can also be void if either party lacks the capacity to agree, for example, if one party is intoxicated or mentally incapacitated. In conclusion, a void contract is an agreement that for one reason or another cannot be enforced or fulfilled in North Dakota.

Related FAQs

What is a term in a contract?
What is the effect of illegality in a contract?
What is the implied covenant of quiet enjoyment?
What are the common types of remedies available?
What is a warranty in a contract?
What are the defenses to a breach of contract?
What is a contract of sale?
What is a third-party guarantor?
What are the types of contracts?
What is a contract of employment?

What is a void contract?

Related FAQs

Related Blog Posts