{"id":899,"count":1,"description":"\r\nJump to:\r\nWhat is void?<\/a>\r\nWhat is the difference between void and voidable?<\/a>\r\n\r\n\r\nWhat is void?\r\n\r\nVoid is a legal classification. To say that a contract is void means that it does not fulfill the requirements of a valid contract, it is not legally binding or enforceable.\r\nA contract that is void in one that is missing any one of the essential elements that make a contract binding. (see Valid)\r\n\r\n\r\nWhat is the difference between void and voidable?\r\n\r\nA void contract starts out as not valid. For example, a contract made for a purpose that is not legal is a void contract.\r\nA voidable contract is a valid contract that contains provisions, or contingencies. Most sales contracts are voidable because they include contingencies, which allow each party the option to exit the contract if the conditions are not met.\r\n\r\n\r\nYou might also be interested in:\r\n\r\n \tWhat is an obligor?<\/a>\r\n \tWhat is an operating deficit?<\/a>\r\n \tWhat is annuity?<\/a>\r\n\r\n\r\n\r\nSearch other terms\r\n\r\n\r\n\r\nA<\/a>\r\nB<\/a>\r\nC<\/a>\r\nD<\/a>\r\n\r\n\r\nE<\/a>\r\nF<\/a>\r\nG<\/a>\r\nH<\/a>\r\n\r\n\r\nI<\/a>\r\nJ<\/a>\r\nK<\/a>\r\nL<\/a>\r\n\r\n\r\nM<\/a>\r\nN<\/a>\r\nO<\/a>\r\nP<\/a>\r\n\r\n\r\nQ<\/a>\r\nR<\/a>\r\nS<\/a>\r\nT<\/a>\r\n\r\n\r\nU<\/a>\r\nV<\/a>\r\nW<\/a>\r\nX<\/a>\r\n\r\n\r\nY<\/a>\r\nZ<\/a>\r\n\r\n\r\n\r\nPopular terms\r\n\r\n\r\n\r\nAmortization<\/a>\r\n\r\n\r\nEquity <\/a>\r\n\r\n\r\nNotary Public <\/a>\r\n\r\n\r\nProgression\/Regression<\/a>\r\n\r\n\r\nAcquisition <\/a>\r\n\r\n\r\nAnnuity <\/a>\r\n\r\n\r\nAsset <\/a>\r\n\r\n\r\nFiduciary <\/a>\r\n\r\n\r\nInflation <\/a>\r\n\r\n\r\nContingency <\/a>\r\n\r\n\r\nEscrow<\/a>\r\n\r\n\r\nPower of attorney <\/a>\r\n\r\n\r\nReal Estate Agent <\/a>\r\n\r\n\r\nEminent Domain <\/a>\r\n\r\n\r\nLiability <\/a>\r\n\r\n\r\nStatute of Limitations<\/a>\r\n\r\n\r\nValid <\/a>\r\n\r\n\r\nVariance<\/a>\r\n\r\n\r\nContiguous <\/a>\r\n\r\n\r\nDeficit<\/a>\r\n\r\n\r\n\r\n","link":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-void\/","name":"Void","slug":"cre-term-void","taxonomy":"post_tag","meta":[],"yoast_head":"\nWhat is Void? - Commercial Real Estate Dictionary<\/title>\n<meta name=\"description\" content=\"Void is a legal classification. 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