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.
â¢ Unlike a void contract, which is unenforceable on its face, a voidable contract is presumed to be enforceable but for the presence of some factor -- here, the contractual capacity of one of the parties -- which permits a party lacking capacity to avoid his or her otherwise valid contractual obligations.