Void Contract
Void Contract
Void Contract
Contract
Section 2(h) of the Act defines the term contract "as an agreement enforceable by law".
In other words a contract is a binding agreement between two or more parties for
performing, or refraining from performing, some specified act(s)
in exchange for lawful consideration.
Now we shall be having a better idea about Void contract after understanding contract.
An agreement not enforceable by law is void bonito but a contract which cease to be
enforceable by la become void hen it cease to be enforceable.
A contract becomes void when, by reason of some event which the promissory could not
prevent the performance of the contract become impossible. The impossibility must
happen after the formation of the contract.
For an example, a And b contract to marry each other. Before the time fixed for the
marriage, a goes mad. The contract becomes void.
A contract also becomes void by reason of subsequent illegality.
For another Example, A in England agree to supply good to B in Germany. After the
formation of the contract war breaks out between England and Germany. And the
supply of goods to Germany I prohibited by legislation. The contract
becomes void.
Capacities of Parties:
• 3. Trade combinations
• 5. Wagering Contracts
- 1. It is forbidden by law
- Ram Sewak v Ram AIR 1962 All 177 -Abdul Piojkhan Nabab v Hussenbi
1904
- 5. Immoral
- Pearce v Brooks 1866-- Bai Viji v Nansa Nagar 1885 ----Narayani v Pyare
Mohan AIR 1927
Thus this gives us a fair idea on what is Void contract and Void agreement are all about.