CA Foundation Exam > CA Foundation Questions > Which of the following is Void Contract?a)Agr...
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Which of the following is Void Contract?
- a)Agreement the meaning of which is certain
- b)Agreement with unlawful consideration
- c)Agreements with minor
- d)Agreement with inadequate consideration, if inadequate consideration, if inadequacy is not supported by free consent
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
Which of the following is Void Contract?a)Agreement the meaning of whi...
If any part of a single consideration for one or more objects, or any one or any part of any one of several considerations for a single object is unlawful, the agreement is void.
Most Upvoted Answer
Which of the following is Void Contract?a)Agreement the meaning of whi...
Void Contract
A void contract is a contract that is not legally binding and has no legal effect. The following are the characteristics of a void contract:
- No legal effect
- Not enforceable in a court of law
- No obligations or rights arise from it
- Parties are not bound by the terms of the contract
Agreement with Unlawful Consideration
An agreement with unlawful consideration is a void contract. The term "consideration" refers to something of value that is exchanged between the parties as part of the agreement. If the consideration is illegal, the agreement is void.
Examples of unlawful consideration include:
- Payment for an illegal act
- Payment for something that is against public policy
- Payment for something that is immoral or unethical
- Payment for something that violates a law or regulation
Agreements with other reasons cannot be considered as void contracts.
Conclusion
In conclusion, a void contract is a contract that is not legally binding and has no legal effect. An agreement with unlawful consideration is an example of a void contract. It is important to ensure that the consideration for a contract is legal and that the agreement does not violate any laws or regulations.
A void contract is a contract that is not legally binding and has no legal effect. The following are the characteristics of a void contract:
- No legal effect
- Not enforceable in a court of law
- No obligations or rights arise from it
- Parties are not bound by the terms of the contract
Agreement with Unlawful Consideration
An agreement with unlawful consideration is a void contract. The term "consideration" refers to something of value that is exchanged between the parties as part of the agreement. If the consideration is illegal, the agreement is void.
Examples of unlawful consideration include:
- Payment for an illegal act
- Payment for something that is against public policy
- Payment for something that is immoral or unethical
- Payment for something that violates a law or regulation
Agreements with other reasons cannot be considered as void contracts.
Conclusion
In conclusion, a void contract is a contract that is not legally binding and has no legal effect. An agreement with unlawful consideration is an example of a void contract. It is important to ensure that the consideration for a contract is legal and that the agreement does not violate any laws or regulations.
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Community Answer
Which of the following is Void Contract?a)Agreement the meaning of whi...
B. Agreement with unlawful consideration is void, because unlawful consideration or unlawful object is said to be illegal consideration, hence it is void ab initio.
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Which of the following is Void Contract?a)Agreement the meaning of which is certainb)Agreement with unlawful considerationc)Agreements with minord)Agreement with inadequate consideration, if inadequate consideration, if inadequacy is not supported by free consentCorrect answer is option 'B'. Can you explain this answer?
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