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.
Lack of Capacity. Terms: A contract entered into by someone who lacks the legal capacity to enter contracts is voidable by that person. People who lack the legal capacity to enter into contracts are minors and people with mental deficiencies.lease note that, although these contracts are voidable by the party who lacks the legal capacity to enter into the contract, the contract is enforceable against the party with legal capacity. For example: The Boston Red Sox sign Ramon Garcia to a three year contract worth $5 million.