Voidable Contracts

Voidable contracts susceptible of ratification;

  1. Where one parties are incapable of giving consent;

a. Unemancipated minors.

b. Insane or demented persons.

c. Deaf / mutes who do not know how to write.

2. Where the consent is vitiated by mistake, violence, intimidation, undue influence or fraud.

3. Those where consent is given in state of drunkenness.

4. Those where consent is given during hypnotic spell.

Annulment

  • Annulment as a remedy. Brought to declare inefficacy inherent in the contract
  • vitiated consent/ damage immaterial
  • principal actions
  • Law predominates
  • Ratification required.
  • Prescriptive period 4 years.
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About Jonathan Ruiz CPA

Newbie Mentor and one of the influential author in the Philippines setting. His also the founder of PAM Academy and Developer of PAM PSE TRACKER application.
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