Direct answer
What does voidable contract mean?
A voidable contract is an agreement that one protected party may choose to affirm or avoid.
Exam cue: Identify who holds the power to disaffirm and why.
What does it look like in a question?
Example
A person induced by qualifying misrepresentation may have the right to avoid the contract.
Common exam trap
What should you not confuse it with?
A voidable contract can operate unless the protected party avoids it.
Related contracts and leases terms
AssignmentAn assignment is a transfer of a party's contractual rights or leasehold interest to another person, subject to the agreement and law.ConsiderationConsideration is something of legal value exchanged as part of a contract.ContingencyA contingency is a contract condition that must be satisfied or waived for a stated obligation to become final or continue.CounterofferA counteroffer is a response that rejects an offer and proposes different terms.Executed contractAn executed contract is a contract in which the parties have completed the promised performance.Executory contractAn executory contract is a contract under which one or more material obligations remain to be performed.
Sources used1 reference with section locators
The curriculum citation confirms exam scope. Definition and rule citations support the explanation itself.
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Put the term back into its full subject.
A definition helps with recall. The subject guide shows how the rule interacts with documents, scenarios, calculations and practice questions.