The legal consequences of a void contract include that it is treated as if it never existed, meaning neither party has any legal obligations to the other. Parties cannot enforce the contract in court, and any benefits exchanged may need to be returned. Additionally, parties may be liable for any losses resulting from reliance on the void contract.

A void contract is an agreement that lacks legal effect and cannot be enforced by either party. It is considered null from the outset due to illegality or lack of essential elements. In contrast, a voidable contract is valid until one party chooses to void it, often due to issues like misrepresentation or coercion.

A void contract is one that is not valid on its face. It is not enforceable and cannot be enforced, instead, it is treated as if it never existed. · A voidable contract is a valid agreement where one party has the right to void the contract if they desire. There are generally two ways in which a contract is voidable: if one party chooses to void the contract and if one party was under undue influence when the contract was created.