If one of the parties has the option to void his or her contractual obligations, the contract if considered voidable.

Name: If one of the parties has the option to void his or her contractual obligations, the contract if considered voidable.
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Quizplus · Accepted Answer

If one party has the option to void their contractual obligations, the contract is considered voidable. This means that although the contract is initially enforceable, it may be legally voided by one of the parties due to certain circumstances or factors.

If One of the Parties Has the Option to Void