How does the presence of coercion, fraud, or misrepresentation affect the validity of a contract?

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The contract becomes automatically void for all parties involvedThe contract is voidable at the discretion of the party whose consent was improperly obtainedThe contract remains fully enforceable by both partiesThe contract is unaffected and remains bindingThe contract is considered null and void from inception

Explanation

When coercion, fraud, or misrepresentation influences a party's consent, the contract is not automatically void but is voidable. This means the affected party has the right to either affirm or rescind the agreement. The other party cannot enforce the contract without the consent of the aggrieved party. Hence, such contracts are voidable at the option of the party whose consent was compromised.