Contracts that are void mean that they cannot be enforced by either party. In essence, it is a contract that can no longer be used and the courts will treat it as if there had never been a contract. A problem that may lead to the cancellation of a contract is the subject matter of the contract that is illegal in the state or throughout the country. Depending on the conditions and the illegal aspect, either party could be prosecuted. A questionable contract contains an error of law that makes it enforceable for one party, but not for the other. The ineficiency of a party leads to an inconclusive contract, but only if that party takes the contract to court. While it may seem that null contracts and countervailable contracts are identical, there are differences you need to understand. You should never try to be your own lawyer, but it`s always a good idea to learn enough law to understand the advice your lawyer gives you. An example of an invalid contract could be as simple as renting your garage. Let`s say you work at night and see an opportunity to make some money. You rent your garage to a heavy metal band to practice up to 4.m, which is no coincidence if you move the ends. Your city, however, has a noise by-law that prohibits the band from playing after 10 P.m. The contract makes no sense when neighbors call the police and complain about the noise while you`re at work.
In the simplest sense of the word, a cancelled contract has never been lawful, so it is not valid even if both parties have agreed on all the other essential elements of a treaty. On the other hand, a questionable contract involves an error of law to the detriment of one party, but the contract remains in force until that party has a court set aside. For example, you will find a car that seems to be in an almost new condition at a very good price. Unknownst to it, the car was put in a stream, but dried since, repainted and detailed. Later, you will learn that the car was in a flood and the seller was legally required to report it to you. If it turns out that the car is fine, you have made a good deal. However, if the car starts to break quickly, the sales contract is invalid and you can sue the previous owner….
