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In case of illegal agreements, the collateral agreements are:
- a)Valid
- b)Void
- c)Voidable
- d)Any of these
Correct answer is option 'B'. Can you explain this answer?
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In case of illegal agreements, the collateral agreements are:a)Validb)...
In the case of illegal agreements, the collateral agreements can be classified as void.
Void Collateral Agreements
Void Collateral Agreements
- An illegal agreement is one that involves activities that are against the law or public policy.
- Collateral agreements are agreements that are related to, but separate from, the main agreement.
- When the main agreement is illegal, any collateral agreements are considered void.
- A void agreement is one that has no legal force or effect and cannot be enforced by either party.
- In such cases, neither party has any legal rights or obligations arising from the void collateral agreement.
- This is because the law does not recognize or support agreements that are based on illegal activities or purposes.
It is important to note that not all collateral agreements are void when the main agreement is illegal. The collateral agreement may still be valid if it can be separated from the illegal main agreement and does not involve any illegal activities itself. However, in general, collateral agreements related to illegal main agreements are considered void.
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In case of illegal agreements, the collateral agreements are:a)Validb)...
Illegal agreements are those which are declared illegal in eyes of law and the existence of collateral agreements associated with illegal agreements is void as such agreements relation to other collateral agreements is also void.
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In case of illegal agreements, the collateral agreements are:a)Validb)Voidc)Voidabled)Any of theseCorrect answer is option 'B'. Can you explain this answer?
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