If fraud is proven in a contract, what classification does that contract fall under?

When fraud is proven in a contract, the appropriate classification for that contract is voidable. A voidable contract is a valid agreement that may be legally enforced, but one party has the right to void or cancel it due to specific circumstances, such as misrepresentation or fraud. In the case of fraud, one party has been deceived, which undermines the grounds of consent essential for a contract to be valid. Therefore, the deceived party can choose to affirm the contract or declare it void, effectively rendering the fraudulent contract voidable.

Enforceable contracts are agreements that the courts will uphold, which is not the case with a contract tainted by fraud since the consent of the defrauded party was compromised. Complete contracts refer to agreements that are fully executed and fulfilled, which do not pertain to the situation where fraud has been proven. Non-binding contracts, while lacking enforceability, do not specifically address the context of fraud, as they indicate that the contract was never intended to create legal obligations in the first place. Hence, the concept of voidable contracts captures the nuance of being able to legally cancel the agreement due to the fraud involved.