What type of contract is described as non-binding?

A void contract is the correct answer because it lacks legal effect and cannot be enforced by either party. Such a contract is considered null from the moment it is created, meaning that it has never been valid in the eyes of the law. Reasons a contract may be void include illegality (like agreements to commit a crime) or incapacity (such as contracts made by minors). Consequently, a void contract is inherently non-binding, as there is no legal obligation for the parties involved.

In contrast, a valid contract represents a mutual agreement that meets all essential elements (offer, acceptance, consideration, legality, and capacity) and is enforceable by law. A unilateral contract involves one party making a promise in exchange for an act, while a bilateral contract consists of a mutual exchange of promises between parties. Both valid, unilateral, and bilateral contracts are recognized as binding under specific conditions that adhere to legal norms. Thus, the void contract stands out as non-binding due to its lack of enforceability from inception.