A Special Assessment District (S.A.D.) is a geographic area in which the market value of real estate is enhanced due to the influence of a public improvement and in which a tax is apportioned to recover the costs of the public improvement.
Void, voidable, and unenforceable contracts: (1) A void contract is one without any legal effect from the beginning. (2) A voidable contract is one that a party may elect to avoid or ratify. (3) An unenforceable contract is one otherwise valid but for which some defense exists extraneous to formation.
Voidable Contracts. When a contract is voidable, a party to the contract is able to cancel or revoke the contract. Contracts can become voidable due to: 1  Mistake. 2  A contract can be canceled on the grounds of a mutual mistake of fact.3  But remember, failure to read the contract doesn't make a contract voidable.ote, however, that a voidable contract is different from a void contract. Void contracts can't be legally enforced, period. The law treats them as if no agreement was ever made. An agreement to perform an illegal action, for instance, is a void contract.