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A contract which ceases to be enforceable by law becomes
- a)void
- b)voidable
- c)illegal
- d)unenforceable
Correct answer is option 'A'. Can you explain this answer?
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A contract which ceases to be enforceable by law becomesa)voidb)voidab...
Answer:
Explanation:
When a contract ceases to be enforceable by law, it means that the contract is no longer valid and cannot be enforced in a court of law. In such a case, the contract is said to be void.
Definition of Void Contract:
A void contract is a contract that is not legally enforceable and has no legal effect. It is as if the contract never existed in the first place. A void contract is invalid from the beginning and cannot be ratified or validated by any party.
Reasons for a Contract to Become Void:
There are several reasons why a contract may become void:
1. Illegality: If the object or purpose of the contract is illegal, the contract is considered void. For example, a contract to engage in illegal activities or to commit a crime would be void.
2. Void due to Mistake: If the contract is entered into due to a mistake of fact or law, it may be considered void. For example, if both parties were mistaken about a material fact, such as the existence of a specific item, the contract may be void.
3. Void due to Misrepresentation: If one party makes a false statement or misrepresentation that induces the other party to enter into the contract, the contract may be void. The false statement must be material and must have influenced the decision to enter into the contract.
4. Void due to Fraud: If one party intentionally deceives the other party in order to induce them to enter into the contract, the contract may be void. Fraud involves intentional misrepresentation or concealment of material facts.
5. Void due to Coercion or Undue Influence: If one party uses coercion or exerts undue influence on the other party to enter into the contract, the contract may be void. Coercion involves the use of force or threat to obtain agreement, while undue influence involves the use of unfair persuasion or manipulation.
6. Void due to Illegitimate Consideration: If the consideration for the contract is illegal, immoral, or against public policy, the contract may be void. Consideration refers to something of value exchanged between the parties.
In conclusion, when a contract ceases to be enforceable by law due to any of the above reasons, it becomes void. A void contract is invalid from the beginning and has no legal effect.
Explanation:
When a contract ceases to be enforceable by law, it means that the contract is no longer valid and cannot be enforced in a court of law. In such a case, the contract is said to be void.
Definition of Void Contract:
A void contract is a contract that is not legally enforceable and has no legal effect. It is as if the contract never existed in the first place. A void contract is invalid from the beginning and cannot be ratified or validated by any party.
Reasons for a Contract to Become Void:
There are several reasons why a contract may become void:
1. Illegality: If the object or purpose of the contract is illegal, the contract is considered void. For example, a contract to engage in illegal activities or to commit a crime would be void.
2. Void due to Mistake: If the contract is entered into due to a mistake of fact or law, it may be considered void. For example, if both parties were mistaken about a material fact, such as the existence of a specific item, the contract may be void.
3. Void due to Misrepresentation: If one party makes a false statement or misrepresentation that induces the other party to enter into the contract, the contract may be void. The false statement must be material and must have influenced the decision to enter into the contract.
4. Void due to Fraud: If one party intentionally deceives the other party in order to induce them to enter into the contract, the contract may be void. Fraud involves intentional misrepresentation or concealment of material facts.
5. Void due to Coercion or Undue Influence: If one party uses coercion or exerts undue influence on the other party to enter into the contract, the contract may be void. Coercion involves the use of force or threat to obtain agreement, while undue influence involves the use of unfair persuasion or manipulation.
6. Void due to Illegitimate Consideration: If the consideration for the contract is illegal, immoral, or against public policy, the contract may be void. Consideration refers to something of value exchanged between the parties.
In conclusion, when a contract ceases to be enforceable by law due to any of the above reasons, it becomes void. A void contract is invalid from the beginning and has no legal effect.
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Community Answer
A contract which ceases to be enforceable by law becomesa)voidb)voidab...
Correct answer is option A) Void
Explanation:
A contract which ceases to be enforceable by law becomes void.
- Void: A void contract is one that is not legally valid or enforceable from the very beginning. It lacks one or more of the essential elements required for a legally binding agreement. Examples of void contracts are agreements with illegal subject matter, those entered into by minors, and contracts made under duress or undue influence. Since a void contract is not legally binding, no party can enforce its terms or claim any remedy for its breach.
Other terms mentioned in the question for clarity:
- Voidable: A voidable contract is a valid contract that can be enforced by law, but one or more parties have the right to void (cancel) the agreement due to certain circumstances, such as misrepresentation, mistake, or undue influence. When a contract is voided, it is treated as if it never existed.
- Illegal: An illegal contract is one that involves an agreement to engage in illegal activities or violates public policy. These contracts are void and unenforceable, as they are against the law.
- Unenforceable: An unenforceable contract is one that has all the essential elements of a valid contract but cannot be enforced by law due to certain technical defects or issues. Examples include contracts that do not meet the Statute of Frauds requirements or those that have become impossible to perform. While the agreement may have been valid initially, it becomes unenforceable due to the specific circumstances or issues that arise.
- Void: A void contract is one that is not legally valid or enforceable from the very beginning. It lacks one or more of the essential elements required for a legally binding agreement. Examples of void contracts are agreements with illegal subject matter, those entered into by minors, and contracts made under duress or undue influence. Since a void contract is not legally binding, no party can enforce its terms or claim any remedy for its breach.
Other terms mentioned in the question for clarity:
- Voidable: A voidable contract is a valid contract that can be enforced by law, but one or more parties have the right to void (cancel) the agreement due to certain circumstances, such as misrepresentation, mistake, or undue influence. When a contract is voided, it is treated as if it never existed.
- Illegal: An illegal contract is one that involves an agreement to engage in illegal activities or violates public policy. These contracts are void and unenforceable, as they are against the law.
- Unenforceable: An unenforceable contract is one that has all the essential elements of a valid contract but cannot be enforced by law due to certain technical defects or issues. Examples include contracts that do not meet the Statute of Frauds requirements or those that have become impossible to perform. While the agreement may have been valid initially, it becomes unenforceable due to the specific circumstances or issues that arise.
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A contract which ceases to be enforceable by law becomesa)voidb)voidablec)illegald)unenforceableCorrect answer is option 'A'. Can you explain this answer?
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