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 Oklahoma, contracts made for illegal purposes or against public policy are considered void and unenforceable by law. This means that no party can seek legal remedy to enforce such a contract. On the other hand, contracts that involve minors (typically under the age of 18), are based on mutual mistakes, 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. For instance, a minor has the right to disaffirm a contract before reaching the age of majority and for a reasonable time after, but they may also choose to ratify the contract upon reaching adulthood. Similarly, parties to a contract can either rescind or ratify the agreement upon discovering a mutual mistake or fraudulent misrepresentation. It's important to note that the specifics of contract law can vary, and an attorney can provide detailed guidance based on the individual circumstances of a contract dispute or question.