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 Rhode Island, contracts made for illegal purposes or against public policy are considered void and unenforceable. This aligns with general contract law principles that prohibit the enforcement of agreements that involve illegal acts or that significantly contravene societal standards. On the other hand, contracts that involve minors, mutual mistakes, or fraudulent misrepresentations are categorized as voidable. This means that the disadvantaged party, such as a minor or a party misled by fraud, has the discretion to either reject or ratify the contract. In Rhode Island, the age of majority is typically 18, at which point a person can ratify a contract they entered into as a minor. Similarly, once a mutual mistake is discovered or a fraudulent misrepresentation is revealed, the affected party can choose to either void the contract or proceed with its terms. It's important to note that specific statutes and case law can modify these general principles, and an attorney can provide detailed guidance based on the particular circumstances of a contract dispute.