Obligations and Contracts: Defective Contracts (Art. 1380-1402)
The Four Kinds of Defective Contracts (RVUV) There are four kinds of defective contracts in the order of decreasing validity (contracts which may be invalidated): (a) rescissible - valid until rescinded; - there is a sort of extrinsic defect consisting of an economic damage or lesion. (b) voidable - valid till annulled - it cannot be annulled, however, if there has been a ratification; - the defect is more or less intrinsic , as in the case of vitiated consent. (c) unenforceable - validable transaction ...