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.
A voidable contract is different from a void contract. Void contracts are contracts that cannot be legally enforced on the parties. If two parties enter into an agreement to perform an illegal action, for instance, the contract would be considered a void contract. voidable contract is different from a void contract. Void contracts are contracts that cannot be legally enforced on the parties. If two parties enter into an agreement to perform an illegal action, for instance, the contract would be considered a void contract.