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Which type of agreement is considered void if it contains both legal and illegal promises?
- a)Voidable agreement
- b)Void agreement
- c)Unenforceable agreement
- d)Valid agreement
Correct answer is option 'B'. Can you explain this answer?
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Which type of agreement is considered void if it contains both legal a...
If a contract contains both legal and illegal promises, the second set of reciprocal promises is considered a void agreement. Under the Indian Contract Act, an agreement that is void is not enforceable by law and does not give rise to any legal consequences. This means that if an agreement includes promises that are both lawful and unlawful, the entire agreement is considered void. It is important to note that a void agreement cannot be enforced by either party involved in the agreement.
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Which type of agreement is considered void if it contains both legal and illegal promises?a)Voidable agreementb)Void agreementc)Unenforceable agreementd)Valid agreementCorrect answer is option 'B'. Can you explain this answer?
Question Description
Which type of agreement is considered void if it contains both legal and illegal promises?a)Voidable agreementb)Void agreementc)Unenforceable agreementd)Valid agreementCorrect answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which type of agreement is considered void if it contains both legal and illegal promises?a)Voidable agreementb)Void agreementc)Unenforceable agreementd)Valid agreementCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which type of agreement is considered void if it contains both legal and illegal promises?a)Voidable agreementb)Void agreementc)Unenforceable agreementd)Valid agreementCorrect answer is option 'B'. Can you explain this answer?.
Which type of agreement is considered void if it contains both legal and illegal promises?a)Voidable agreementb)Void agreementc)Unenforceable agreementd)Valid agreementCorrect answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which type of agreement is considered void if it contains both legal and illegal promises?a)Voidable agreementb)Void agreementc)Unenforceable agreementd)Valid agreementCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which type of agreement is considered void if it contains both legal and illegal promises?a)Voidable agreementb)Void agreementc)Unenforceable agreementd)Valid agreementCorrect answer is option 'B'. Can you explain this answer?.
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