CA Foundation Exam > CA Foundation Questions > A agrees to pay Rs. 5 lakhs to B if he (B) pr...
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A agrees to pay Rs. 5 lakhs to B if he (B) procures an employment for A in Income Tax Department. This agreement is
- a)void
- b)valid
- c)voidable
- d)contingent.
Correct answer is option 'A'. Can you explain this answer?
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A agrees to pay Rs. 5 lakhs to B if he (B) procures an employment for ...
Agreement to traffic public policy is opposed to public policy as an unauthorized person is not accepted by public.
Agreement opposed by public policy is void.
Agreement opposed by public policy is void.
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A agrees to pay Rs. 5 lakhs to B if he (B) procures an employment for ...
Answer:
Void Agreement
Explanation:
- An agreement that is not enforceable by law is known as a void agreement.
- It has no legal effect, and no legal rights or obligations arise under such an agreement.
- The agreement mentioned in the question is void because it involves a promise to do an illegal act.
- Procuring employment in the Income Tax Department for someone in exchange for money is not only unethical but also illegal.
- Therefore, the agreement is void, and no legal rights or obligations arise under it.
Conclusion:
- The agreement between A and B is void as it involves an illegal act.
- A cannot be held liable to pay Rs. 5 lakhs to B under this agreement.
- It is important to note that any agreement that is against public policy or involves an illegal act is void and unenforceable.
Void Agreement
Explanation:
- An agreement that is not enforceable by law is known as a void agreement.
- It has no legal effect, and no legal rights or obligations arise under such an agreement.
- The agreement mentioned in the question is void because it involves a promise to do an illegal act.
- Procuring employment in the Income Tax Department for someone in exchange for money is not only unethical but also illegal.
- Therefore, the agreement is void, and no legal rights or obligations arise under it.
Conclusion:
- The agreement between A and B is void as it involves an illegal act.
- A cannot be held liable to pay Rs. 5 lakhs to B under this agreement.
- It is important to note that any agreement that is against public policy or involves an illegal act is void and unenforceable.
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A agrees to pay Rs. 5 lakhs to B if he (B) procures an employment for A in Income Tax Department. This agreement isa)voidb)validc)voidabled)contingent.Correct answer is option 'A'. Can you explain this answer?
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A agrees to pay Rs. 5 lakhs to B if he (B) procures an employment for A in Income Tax Department. This agreement isa)voidb)validc)voidabled)contingent.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A agrees to pay Rs. 5 lakhs to B if he (B) procures an employment for A in Income Tax Department. This agreement isa)voidb)validc)voidabled)contingent.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A agrees to pay Rs. 5 lakhs to B if he (B) procures an employment for A in Income Tax Department. This agreement isa)voidb)validc)voidabled)contingent.Correct answer is option 'A'. Can you explain this answer?.
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