An attempted contract that is made for an illegal purpose or that is against public policy cannot be enforced by either party and is void. In contrast, a contract that is made by a minor (usually under age 18), or that is based on a mutual mistake, or that was made on the basis of a fraudulent misrepresentation by one party, is voidable and may be rejected by a party who was at a disadvantage when the contract was made. A voidable contract may also be ratified and accepted by such a party—after a child reaches the age of majority (usually 18), or the parties become aware of their mutual mistake, or a party learns of the other party’s misrepresentation and proceeds with performance of the contract.
In Nevada, a contract created for an illegal purpose or against public policy is considered void and unenforceable by law. This means that neither party can seek legal recourse to enforce the terms of such a contract. On the other hand, contracts that involve minors (typically under the age of 18), are based on a mutual mistake, or are formed due to fraudulent misrepresentation by one of the parties, are categorized as voidable. Voidable contracts can be rejected or disaffirmed by the disadvantaged party. However, these contracts can also be ratified or affirmed. For instance, once a minor reaches the age of majority, which is 18 in Nevada, they may choose to ratify a contract they entered into as a minor. Similarly, parties who realize a mutual mistake or discover a fraudulent misrepresentation have the option to either rescind the contract or ratify it and continue with its performance.