Business Studies, asked by uvcfhj, 1 year ago

definition of void agreement void contract and illegal agreement

Answers

Answered by tanvigaonkar24
1

An illegal agreement is one which is not permissible under law.

An Illegal agreement is void since the very beginning.

Answered by saloni3115
3
..A void contract cannot be enforced by law. ... An agreement to carry out an illegal act is an example of a void agreement. For example, a contractbetween drug dealers and buyers is avoid 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 contract cannot be enforced by law. ... 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.
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An illegal agreement, under the common law of contract, is one that the courts will not enforce because the purpose of the agreement is to achieve an illegal end. The illegal end must result from performance of the contract itself. The classic example of such an agreement is a contract for murder

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