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Commercial Impossibility does not make the contract _________.
- a)Valid
- b)Void
- c)Illegal
- d)Voidable
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Commercial Impossibility does not make the contract _________.a)Validb...
A void contract cannot be enforced by law. Void contracts are different from voidable contracts, which are contracts that may be (but not necessarily will be) nullified. However, when a contract is being written and signed, there is no automatic mechanism available in every situation that can be utilized to detect the validity or enforceability of that contract. Practically, a contract can be declared to be void by a court of law. So the main question is that under what conditions can a contract be deemed as void?
An agreement to carry out an illegal act is an example of a void agreement. For example, a contract between drug dealers and buyers is a void contract simply because the terms of the contract are illegal. In such a case, neither party can go to court to enforce the contract. A void agreement is void ab initio, i e from the beginning while a voidable contract can be voidable by one or all of the parties. A voidable contract is not void ab initio, rather, it becomes void later due to some changes in condition. In sum, there is no scope of any discretion on the part of the contracting parties in a void contract. The contracting parties do not have the power to make a void contract enforceable.
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Commercial Impossibility does not make the contract _________.a)Validb)Voidc)Illegald)VoidableCorrect answer is option 'B'. Can you explain this answer?
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Commercial Impossibility does not make the contract _________.a)Validb)Voidc)Illegald)VoidableCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Commercial Impossibility does not make the contract _________.a)Validb)Voidc)Illegald)VoidableCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Commercial Impossibility does not make the contract _________.a)Validb)Voidc)Illegald)VoidableCorrect answer is option 'B'. Can you explain this answer?.
Commercial Impossibility does not make the contract _________.a)Validb)Voidc)Illegald)VoidableCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Commercial Impossibility does not make the contract _________.a)Validb)Voidc)Illegald)VoidableCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Commercial Impossibility does not make the contract _________.a)Validb)Voidc)Illegald)VoidableCorrect answer is option 'B'. Can you explain this answer?.
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