What type of contract can be voided if a buyer fails to meet required conditions?

A conditional contract is a type of agreement that includes specific conditions that must be met for the contract to be enforceable. If the buyer fails to meet these required conditions, then the contract can be voided. This means that the obligations outlined in the contract do not have to be fulfilled, as the necessary preconditions have not been satisfied.

In a conditional contract, the fulfillment of certain conditions is essential for the agreement to take effect or for the parties to be bound by their commitments. This characteristic distinguishes it from other types of contracts which may not depend on particular conditions being met. Understanding this nature of conditional contracts is crucial because it defines the rights and obligations of the parties involved.