Voidable Agreement Section

This type of activity led to legal action against Apple (AAPL) in 2012, suggesting that the transactions were part of a cancelled contract. These provisions of contract law are generally intended to ensure fairness in the process. It protects parties from unwarranted disadvantages or from a contract contrary to land law. In fact, it means that any person considered to be acquired under the contract can be protected from loss if the contract is found to be unreasing is entitled or not, to the choice of that party. 4. The misrepresentation within the meaning of Section 18 or this section indicates that, if the agreement of one of the parties was obtained in a manner within the category covered by this section, it is considered a non-contractual contract. This section has certain aspects:- According to the section, the simple silence on certain facts is not ready to cheat until and unless the person who is silent has an obligation to express the actual facts. By law, the person is responsible when he actively hides the facts through silence. However, this does not mean that he is required to disclose any essential facts to the contractor.

Section 15 of the Act states that if a person makes some kind of threat to commit such an act strictly prohibited by the Indian penal code, so that someone must be forced to enter into a contract, that agreement must be considered a nullity. The Indian Contracts Act is governed by the Indian Contract Act of 1872. However, the Contract Act does not codify the entire law of contracts, the law also expressly preserves any use or use of trade or any incident of a contract that is not inconsistent with the provisions of the law. Contract law is limited to the application of voluntary civil obligations. Contract law is not able to deal with the full range of agreements, many agreements remain outside the jurisdiction because they do not meet the requirement of a contract. A contract is an agreement; An agreement is a promise and a promise is a proposal adopted. Any agreement is therefore the result of a proposal on the one hand and its adoption on the other. A contract is considered a contract if it is legally applicable.

Section 10 of the Act deals with the conditions of enforceable force, according to this section, a contract is a contract when it is made for consideration, between the parties who are competent for the contract, with free consent and for a legitimate purpose. 2. Types of contracts on the basis of its validity: – (i) Valid contract: A contract that has all the essential elements of a contract is referred to as a valid contract. A valid contract can be enforced by law. (ii) Empty Contract [Section 2 (d)] : An agreement that is not applicable by law is considered non-applicable. A non-law contract is a contract that is no longer applicable. A contract initially concluded may be valid and binding for the parties. It can be invalidated later. (iii) Nullity Contract [Section 2 (i): “An agreement legally applicable to the choice of one or more parties, but not to the choice of another or another, is a non-negotiable contract.” However, the contract remains good and enforceable, unless it is rejected by the aggrieved party. (iv) Illegal contract: a contract is illegal if it is prohibited by law; or is of this type that, if authorized, the provisions of a law not to defeat or is fraudulent; or a violation of one person or property of another, or the court considers it immoral or contrary to public policy.