basic business law for the first year student - chapter 9 vitiating factors and rescission

What is the difference between a valid, void and voidable contract? Give one example each of a valid, void and voidable contract. How may a contract be set aside for unconscionable conduct? Discussion Questions (end of chapter- p 284): 1 Contract law requires that parties enter agreements 'freely and voluntarily'. Explain why the consent to a contract should be 'free and voluntary' and discuss factors that affect the 'free and voluntary consent