Definition of "Voidable contract"

Belinda Gamble DiCupe real estate agent
Belinda Gamble DiCupe, Real Estate Agent Senate Real Estate Services Llc

Valid contract that can be canceled for cause by one or more parties to the contract. An insurance contract can be voided by the insurer if the insured has used fraudulent means to obtain it or has intentionally concealed information or misrepresented the risk.

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