Question

State with brief reasons, whether the following agreements are valid or void-

1. A agrees to sell to B, 1,000 tons of oil. A is a dealer in various types of oil.

2. A agrees to sell to B, 200 tons of oil. A deals only in coconut oil.

3. Z agrees with Y to sell all his grain in his Granary at Ropars.

4. F agrees to sell his produce to G, provided H shall come, inspect and fix the price.

5. D agrees to sell his white horse, for Rs. 5,000 or Rs. 10,000.​

Answer 1

Explanation:

first is void since the type of oil is not ascertained

second is valid because a deals in specific oil that is coconut oil

third I think is valid

fourth is valid if h (third party) fixes the price and is not stopped from either party

fifth is not valid since the price is not fix

Answer 2

Void or valid contracts describe the nature of contracts.

• The correct agreements are -

1. Since, there is a lack of information as to show what kind of product was intended, thus the agreement is void for uncertainty.

2. A wishes to sell two hundred tons of a specified description is as an article of commerce. There is no uncertainty, thus the agreement is not void.

3. Z wishes to sell to Y the entire grain in his granary at Ropars. There is no uncertainty here that makes the agreement void.

4. F wishes to sell his produce to G provided by H. As the amount can be unquestionable, there is no uncertainty forming the agreement as void.

5. D wishes to sell the animal for 5,000 or 10,000. There is no information as to which of the two prices will it be sold for, thus the agreement is void.