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Is an agreement is declared a void agreement due to illegal consideration or object always? Answer only in yes or no don't give any explanation.?
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Is an agreement is declared a void agreement due to illegal considerat...
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- Illegal Consideration or Object: If an agreement is declared void due to illegal consideration or object, it means that the agreement is not enforceable by law.
- Consequences: When an agreement is deemed void, it is as if the agreement never existed in the eyes of the law.
- Legal Ramifications: Parties involved in a void agreement cannot sue each other to enforce the terms of the agreement.
- Avoidance of Obligations: Any obligations or promises made under a void agreement are not legally binding.
- Invalidity: The entire agreement becomes invalid if it is found to have illegal consideration or object.
- Protecting Legal Integrity: Void agreements are declared as such to uphold the legal integrity and prevent agreements that are against public policy or law from being enforced.
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Is an agreement is declared a void agreement due to illegal consideration or object always? Answer only in yes or no don't give any explanation.?
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Is an agreement is declared a void agreement due to illegal consideration or object always? Answer only in yes or no don't give any explanation.? 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 Is an agreement is declared a void agreement due to illegal consideration or object always? Answer only in yes or no don't give any explanation.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Is an agreement is declared a void agreement due to illegal consideration or object always? Answer only in yes or no don't give any explanation.?.
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