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In case of illegal agreements, the collateral agreements are :
- a)Valid contract
- b)Void contract
- c)Voidable contract
- d)None of these
Correct answer is 'B'. Can you explain this answer?
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Verified Answer
In case of illegal agreements, the collateral agreements are :a)Valid ...
An illegal agreement is one the object of which is unlawful. Such an agreement cannot be enforced by law. In case of illegal agreemnets even the collateral agreements become void.
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In case of illegal agreements, the collateral agreements are :a)Valid ...
An agreement which loses its legal status is a void agreement. An illegal agreement is one which is not permissible under law. ... Conversely, collateral agreements of an illegal agreement cannot be enforceable by law as they are void ab initio.
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In case of illegal agreements, the collateral agreements are :a)Valid contractb)Void contractc)Voidable contractd)None of theseCorrect answer is 'B'. Can you explain this answer?
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