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📌 Void contract: An agreement that is not enforceable by law. 📌 Reasons for void contract: Contract is illegal, declared unacceptable by courts, changes in law, or fully performed. 📌 Features of void contract: Not enforceable by law, no compensation, against public policy, no legal rights, no obligation on any party. 📌 Example of void contract: Contract based on an illegal act. 📌 Voidable contract: An agreement enforceable with the option of one party to cancel it. 📌 Reasons for voidable c
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