In case of illegal agreement the collateral transactions are:- a) Valid b) Void c) Voidable d) None of the above. Correct answer is option 'B'. Can you explain this answer? Explain reason of a answer?

Question

Answer

When the agreement is illegal then the collateral transaction is void as from starting only the agreement itself was illegal so all the transactions related to the agreement is automatically VOID.

Answer

Option B is correct...

Answer

Explanation:

Illegal agreements are those agreements made with a purpose that is illegal and opposed to public policy. Such agreements are void and cannot be enforced by the law. In such cases, any collateral transactions made in connection with the illegal agreement are also void. The following are the reasons why the collateral transactions are void in case of an illegal agreement:

1. Void agreement: An illegal agreement is void ab initio, i.e., it is not enforceable by law from the very beginning. Hence, any transaction made in connection with such an agreement is also void.

2. Public policy: Illegal agreements are against public policy. Public policy is the principle that governs the conduct of individuals and organizations in a society. Any transaction that is conducted in violation of public policy is considered void.

3. Unlawful consideration: In an illegal agreement, the consideration is unlawful, which means it is not valid in the eyes of law. Any transaction made in connection with such an agreement is also void.

4. No protection: The law does not protect any collateral transactions made in connection with an illegal agreement. The parties involved cannot claim any legal rights or remedies for such transactions if the agreement itself is illegal.

Therefore, it can be concluded that any collateral transactions made in connection with an illegal agreement are void and cannot be enforced by the law.

Answer

In order to get the better understanding of this , one needs to know about illegal agreement first , which is nothing but an agreement not enforceable by law .
Such sort of agreements generally termed as void agreements .

Well , an agreement can be termed as illegal agreement on various accounts.For the details of factors held responsible to make an agreement illegal , One could go for Google.

Therefore , if any collateral transaction has made with respect to it.That transaction would also becomes void means not binding legally or enforceable by law.

Answer

B

Answer

As illegal activities are not permitted by the law so if there's any agreement based on illegal activities then contract is considered void i.e. the contract cannot be challenged in the court in case of ambiguity

Answer

Because void contracts r illegally unenforceable by law. so it cannot be contract . so answer is option B

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As the transaction or contract entered in the beginning itself is illegal any transaction or agreement related to tht transaction becomes void

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B because it is correct answer

Answer

Collateral transactions to the illegal contract is void. Since due to this  collateral transactions illegal agreement took place which is punishable offence. So colleteral to the illegal transactions are void

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Void bcoz when illegal agreement is void then it's additional agreement i.e. Collateral agreement becomes VOID

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Option b is correct as the illegal agreement is the one which the law prohibits to be made or performed.. therefore all the agreement/ contracts related to illegal agreement are void..as the related agreements are also illegal

Answer

It is always void as from the birth of origin these are illegal in nature

Answer

Valid

Answer

Void

Answer

Void-ab-initio

Answer

Because of illegal agreement transactions are void from beginning .

Answer

1

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In case of illegal agreement the collateral transactions are

Can you explain the answer of this question below:In case of illegal agreements, the collateral agreements are : A:Valid contract B:Void contract C:Voidable contract D:None of these The answer is B.

In case of illegal agreements, the collateral agreements are

In case of illegal agreements, the collateral agreements are

In case of illegal agreements, the collateral agreements are

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