CONTRACT RESEARCH.docx - National University of Study and Research in Law Ranchi MEANING EFFECT AND NATURE OF VOID AGGREMENT Submitted To Submitted By

CONTRACT RESEARCH.docx - National University of Study and...

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National University of Study and Research in LawRanchiMEANING EFFECT AND NATURE OF VOID AGGREMENTSubmitted To: Submitted By:Ms. Pragya Aishwarya Kumar Sourav Faculty of Law 868Ist Semester
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Table of ContentsOBJECTVE.........................................................................................................................................................3RESEARCH METHODOLOGY........................................................................................................................3INTRODUCTION...............................................................................................................................................3VOID AGREEMENT..........................................................................................................................................4Difference between a Void Agreement and a Void Contract.....................................................................4Expressly Declared Void Agreement............................................................................................................5Agreement by a minor or a person of unsound mind. [Sec(11)].....................................................5Agreement made under a bilateral mistake of fact material to the agreement [Sec(20)]...........5Agreement of which the consideration or object is unlawful [Sec(23)].........................................5Agreement of which the consideration or object is unlawful in part and the illegal part can not be separated from the legal part [Sec(24)]........................................................................................6Agreement made. without consideration. [Sec(25)].........................................................................6Agreement in restraint of marriage [Sec(26)]..................................................................................6Agreement in restraint of trade [Sec(27)]........................................................................................6Agreement in restrain of legal proceedings [Sec(28)].....................................................................7Agreements the meaning of which is uncertain [Sec(29)]...............................................................7Agreements by way of wager [Sec(30)].............................................................................................8Agreements contingent on impossible events [Sec(36)]...................................................................8Agreements to do impossible acts [Sec(56)]......................................................................................8CONSEQUENCES OF VOID AGREEMENT...................................................................................................9CONCLUSION...................................................................................................................................................9REFERENCES....................................................................................................................................................92 | P a g e
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OBJECTVEDiscuss the Meaning of Void Agreement.Discuss the Effect of Void Agreement .Discuss the Nature of Void Agreement.RESEARCH METHODOLOGYIn This research, the researcher has adopted the doctrinal research method, for this the researcher has consulted various books, articles, journals and newspapers. Researcher also has attempted to analyse the topic with the help of case law available.INTRODUCTIONA Void Contract cannot be enforced by law. Void contracts are different from Voidable Contracts, which are contracts that may be abolished. However, when a contract is being written and signed, there is no automatic instrument available in every situation that can be applied to detect the validity or enforceability of that contract. Practically, a contract can be declared to be void by a court of law.1An agreement to carry out an illegal act is an example of a void agreement. For example, a contract between drug dealers and buyers is a void contract simply because the terms of the contract are illegal. In such a case, neither party can go to court to enforce the contract. A void agreement is void ab initio, i.e., from the beginning while a voidable contract can be voidable by one or all of the parties. A voidable contract is not void ab initio, rather, it becomes void later due to some changes in condition. In sum, there is no scope of anydiscretion on the part of the contracting parties in a void contract. The contracting parties do not have the power to make a void contract enforceable.21 Cross, F.; Miller, R. (2011). The Legal Environment of Business. Cengage Learning.
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