MLchartDataset catalogue

Voidable

Term · Insurance and risk management · MLC-T-INS-003488

Describing a contract or insurance policy that is initially valid but can be annulled or rejected by one of the parties due to a defect, such as misrepresentation, fraud, or duress. The aggrieved party has the option to either affirm the contract or void it. Until voided, the contract remains legally binding.

Table 1. Record
IdentifierMLC-T-INS-003488
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003488",
  "term": "Voidable",
  "field": "Insurance and risk management",
  "definition": "Describing a contract or insurance policy that is initially valid but can be annulled or rejected by one of the parties due to a defect, such as misrepresentation, fraud, or duress. The aggrieved party has the option to either affirm the contract or void it. Until voided, the contract remains legally binding.",
  "url": "https://mlchart.com/terminology/insurance/voidable/"
}

Record 3,633 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.