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 contract: A contract that is valid, but which may be legally voided at the option of one of the parties. As with contracts entered into by adults, minors have to fulfill certain prerequisites before a contract is considered enforceable. The primary requirement is having the capacity to contract.