What defines a void contract?

A void contract is characterized by its inability to be legally enforced from the moment it is created. Essentially, it is as if the contract never existed in the eyes of the law. Factors that can cause a contract to be considered void include illegality, lack of capacity, or absence of essential elements like consideration, mutual consent, or a lawful objective.

By distinguishing this definition, it becomes clear why the assertion that a void contract is not legally enforceable is accurate. In contrast, other choices describe aspects that do not align with the nature of a void contract. The idea of enforceability with limitations suggests that there might be some enforceability, which contradicts the very definition of void. Similarly, the option about being valid for an indefinite period implies a level of legality and agreement that is incompatible with a void status. Lastly, a contract that can become void under specific conditions introduces the concept of a contingent situation, whereas a void contract is permanently unenforceable from inception. Thus, the essence of a void contract is captured effectively by stating that it is not legally enforceable.