Typical grounds for a contract being voidable include coercion, undue influence, mental incompetence, intoxication, misrepresentation or fraud.
[1] A contract made by a minor is often voidable, but a minor can only avoid a contract during his or her minority status and for a reasonable time after he reaches the age of majority.
After a reasonable period of time, the contract is deemed to be ratified and cannot be avoided.
The definition of the act states that a voidable contract is enforceable by law at the option of one or more parties but not at option of the other parties.
A voidable contract may be considered valid if it is not cancelled by the aggrieved party within a reasonable time.