CA Foundation Exam  >  CA Foundation Questions  >  Which of the following is Void Contract?a)Agr... Start Learning for Free
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?
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. 
View all questions of this test
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.
Free Test
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.
Explore Courses for CA Foundation exam
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?
Question Description
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? 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 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? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
Solutions for 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? 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 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? defined & explained in the simplest way possible. Besides giving the explanation of 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?, a detailed solution for 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? has been provided alongside types of 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? theory, EduRev gives you an ample number of questions to practice 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? 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