CA Foundation Exam  >  CA Foundation Questions  >  Which of the following agreements are void?1 ... Start Learning for Free
Which of the following agreements are void?
1 . Agreements made under the unilateral mistake of fact.
2 . Agreements made under the bilateral mistake of fact.
3 . Agreements the consideration of which is unlawful.
4 . Contingent agreement.
  • a)
    1 & 2
  • b)
    2 & 3
  • c)
    3 & 4
  • d)
    1 & 4
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which of the following agreements are void?1 . Agreements made under t...
Agreements that are void:
1. Agreements made under the unilateral mistake of fact:


  • An agreement is considered void if one party makes a mistake about a material fact while the other party is aware of the mistake.

  • In such cases, the mistaken party did not have a true understanding of the terms of the agreement, and therefore, the agreement is void.


2. Agreements made under the bilateral mistake of fact:


  • An agreement is also void if both parties make a mistake about a material fact.

  • If both parties are mistaken about the same fact, there is a lack of consensus and understanding, making the agreement void.


3. Agreements the consideration of which is unlawful:


  • If the consideration (something of value exchanged between the parties) of an agreement is unlawful, the agreement is void.

  • An agreement that involves illegal activities, such as drug trafficking or fraud, cannot be enforced by law.


4. Contingent agreement:


  • A contingent agreement is one that depends on the occurrence or non-occurrence of a specific event.

  • Unless the event specified in the agreement actually happens or does not happen, the agreement remains uncertain and unenforceable.


Conclusion:
Based on the given options, the correct answer is option B: 2 & 3. Agreements made under the bilateral mistake of fact and agreements the consideration of which is unlawful are void.
Explore Courses for CA Foundation exam
Which of the following agreements are void?1 . Agreements made under the unilateral mistake of fact.2 . Agreements made under the bilateral mistake of fact.3 . Agreements the consideration of which is unlawful.4 . Contingent agreement.a)1 2b)2 3c)3 4d)1 4Correct answer is option 'B'. Can you explain this answer?
Question Description
Which of the following agreements are void?1 . Agreements made under the unilateral mistake of fact.2 . Agreements made under the bilateral mistake of fact.3 . Agreements the consideration of which is unlawful.4 . Contingent agreement.a)1 2b)2 3c)3 4d)1 4Correct answer is option 'B'. 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 Which of the following agreements are void?1 . Agreements made under the unilateral mistake of fact.2 . Agreements made under the bilateral mistake of fact.3 . Agreements the consideration of which is unlawful.4 . Contingent agreement.a)1 2b)2 3c)3 4d)1 4Correct answer is option 'B'. 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 Which of the following agreements are void?1 . Agreements made under the unilateral mistake of fact.2 . Agreements made under the bilateral mistake of fact.3 . Agreements the consideration of which is unlawful.4 . Contingent agreement.a)1 2b)2 3c)3 4d)1 4Correct answer is option 'B'. Can you explain this answer?.
Solutions for Which of the following agreements are void?1 . Agreements made under the unilateral mistake of fact.2 . Agreements made under the bilateral mistake of fact.3 . Agreements the consideration of which is unlawful.4 . Contingent agreement.a)1 2b)2 3c)3 4d)1 4Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Which of the following agreements are void?1 . Agreements made under the unilateral mistake of fact.2 . Agreements made under the bilateral mistake of fact.3 . Agreements the consideration of which is unlawful.4 . Contingent agreement.a)1 2b)2 3c)3 4d)1 4Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Which of the following agreements are void?1 . Agreements made under the unilateral mistake of fact.2 . Agreements made under the bilateral mistake of fact.3 . Agreements the consideration of which is unlawful.4 . Contingent agreement.a)1 2b)2 3c)3 4d)1 4Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Which of the following agreements are void?1 . Agreements made under the unilateral mistake of fact.2 . Agreements made under the bilateral mistake of fact.3 . Agreements the consideration of which is unlawful.4 . Contingent agreement.a)1 2b)2 3c)3 4d)1 4Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Which of the following agreements are void?1 . Agreements made under the unilateral mistake of fact.2 . Agreements made under the bilateral mistake of fact.3 . Agreements the consideration of which is unlawful.4 . Contingent agreement.a)1 2b)2 3c)3 4d)1 4Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Which of the following agreements are void?1 . Agreements made under the unilateral mistake of fact.2 . Agreements made under the bilateral mistake of fact.3 . Agreements the consideration of which is unlawful.4 . Contingent agreement.a)1 2b)2 3c)3 4d)1 4Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev