Contract law in tamil meaning

Sep 7, 2019CONTRACT DEFINITION in TAMIL /ALL CONTRACTS ARE AGREEMENT BUT ALL AGREEMENT
Duration: 6:42
Posted: Sep 7, 2019

Is a void contract illegal?

It is a contract which is forbidden by law

All illegal agreements are Void but all void agreements or contracts are not necessarily illegal

Contract that is immoral or opposed to public policy are illegal in nature

i

Unlike illegal agreements there is no punishment to the parties to a void ii

What makes a contract a valid contract?

The parties to a contract must have capacity (legal ability) to make valid contract

competent to contract

The agreement should be clear to The agreement must be precise

the parities of the agreement

For example X informs Y “I agree to sell my bike”

X has four bikes going to sell There is no clarity of terms performance enforced

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