Question: Which type of contract is explicitly declared void under the Indian Contract Act? a . Valid contract b . Voidable contract c . Void contract

Which type of contract is explicitly declared void under the Indian Contract Act?
a.
Valid contract
b.
Voidable contract
c.
Void contract
d.
Unenforceable contract

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Gracia Enterprises operates across five industries. Task 1 : After reviewing the information provided, determine which of the five operating segments are reportable based on the revenue test, asset...

Q:

MULTIPLE CHOICE 64. P appointed A as his agent with general powers on January 1. The next day, X transacted business with A. On January 5, P revoked the agency by publishing it in a newspaper of...

Q:

An incorrect statement made knowingly with the intention of causing injury to another is known as conflict of interest. negligent misrepresentation. third-party liability. innocent misrepresentation....

Q:

1. The action for the declaration of a contract as void prescribes in: a. 2 years b. 4 years c. 10 years d. Does not prescribe. 2. A contract resulting or arising from a void contract is also void....

Q:

What are the four basic requirements of a contract? (4 pts) What is the difference between a unilateral and a bilateral contract? (4 pts) Give an example of a bilateral contract AND a unilateral...

Q:

dw.... 1. Which one of the following agreements / contracts are void? a. Affected by mistake of one party to the contract as to a fact b. Affected by mistake of one party to the Contract as to a...

Q:

Chapter 13 Food Legislation INTRODUCTION 5 This chapter provides an understanding of some of the requirements that hotels, restaurants and food outlets must comply with when serving, handling,...

Q:

In this appeal, we consider whether a contract for legal services entered into on behalf of a minor is voidable upon a plea of infancy or subject to enforcement as an implied contract for necessaries...

Q:

Three questions about law, i have no idea. Aehared mistake occurs when one of the parties has discussed the mistake with the other party. both parties are mistaken but for different reasons. both of...

Q:

please answer the question Which of the following statements is incorrect? O Innocent third-party rights bar the right to have a contract declared voidable. O It is difficult to have a contract set...

Q:

please answer all .,.,.the question.,.,.,.within 30 minutes. make sure the explanation and reasons are explained in very detailed manner as in why the option is correct and why other options sre...

Q:

Explain how a company could have a decreasing gross profit margin, but an increasing operating profit margin.

Q:

What are the typical cash inflows from investing activities? What are the typical cash outflows from investing activities? Discuss.

Q:

24. Scenario Analysis (LO2) In the previous problem, you feel that the values are accurate to within only 10 percent. What are the best-case and worst-case NPVs? (Hint: The price and variable costs...

Q:

Suppose you are considering an ARM with the following characteristics: Mortgage Amount = $ 3 5 0 , 0 0 0 Initial Contract Rate = 5 . 5 0 % Interest Rate Caps = 2 / 6 Margin = 2 . 5 0 Index = 1 - year...