Business Studies, asked by bhanutejas, 8 months ago

A Contract can be void ab-initio. Discuss​

Answers

Answered by poddarpriya120
3

A void ab initio agreement is Latin for "void from the beginning." This means that legally, a contract was void as soon as it was created. The parties of the contract are not legally related based on what was written in the agreement because the agreement in question was never valid. However, certain exceptions do apply. This type of agreement can never be void because it was never a legal contract to begin with.

Impossibility of Performance

With any contract, unforeseen circumstances can occur that make it difficult or impossible for the terms of the agreement to be fulfilled. This situation is quite common within contract law. This is known as impossibility of performance and under the doctrine of frustrate will result in discharge of the contract duties. Unlike with void ab initio contracts, when impossibility of performance occurs, the parties are responsible for expenses associated with discharge and termination.....

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