Article 1390
ELI5— what this means for you
Voidable contracts are valid until annulled by a court. Grounds: one party lacked capacity (minor, insane), or consent was obtained through fraud, intimidation, violence, or mistake.
Official text — RA 386
The following contracts are voidable or annullable, even though there may have been no damage to the contracting parties:
(1) Those where one of the parties is incapable of giving consent to a contract;
(2) Those where the consent is vitiated by mistake, violence, intimidation, undue influence or fraud.
These contracts are binding, unless they are annulled by a proper action in court. They are susceptible of ratification. (n)
Source: lawphil.net (RA 386 as amended)
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