for documents downloaded visit www.advocateslibrary.com/ i am explaining here the types of contracts valid contract void contract voidable contract in telugu
1 .VALID CONTRACT
An Agreement which is enforceable by law . Sec-2(h).
Sec-10 lays down the conditions of enforceability. Thus an agreement which satisfies fulfills all the essentials of contract.
Example : “x” offers to sell his horse for Rs 5000 to “y” . “y” accepts the offer .
2.VOID CONTRACT
Sec-2(g) :An Agreement not enforceable by law is said to be void. Such agreement is void from the very beginning ,i.e,. Void ab initio.
An agreement to carry out an illegal act .
Example : contract between a drug dealers and sellers.
Contract with a minor .
Sec-56: After the contract is made for some reason when the act becomes impossible or unlawful.
3.VOIDABLE CONTRACT
An Agreement which is enforceable by law at the option of one or more of the parties to the contract.
It is a valid contract in the eyes of law until and unless one party chooses to avoid that contract by proving in the court.
Essential element of free consent is missing.
Example: “x” threatens to kill “y” if “y” does not sell his house for 10lakhs to “x”.
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sowjanya lawyer #types of contracts law in telugu
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free legal advice online best lawyer in Hyderabad india i'm Sowjanya M, Advocate from Hyderabad, Telangana Stata, INDIA.
i handle the cases of civil and criminal matters from only Hyderabad location.
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7 июл 2018
