These sections provide that an agreement with uncertain conditions is based on uncertain events or impossible events, except in some cases, such as horse racing. In principle, betting contracts, such as betting or gambling, are not enforceable in court. However, the creation of a tariff quota contract is perfectly valid. 10. Nullity Contract 2 (i): a contract is a non-negotiable contract if it is legally applicable to the choice of one or more parties (i.e. the victim) and is not enforceable by law at the choice of another or another. Unlike an illegal agreement, an agreement in vain can be defined as an agreement that is not legally binding. Such agreements do not apply in the eyes of the law because they do not bind the parties to rights or obligations. No transaction related to a no agreement is considered valid and effective.
Agreements can be cancelled at the outset, i.e. cancelled from the outset; or may be invalidated at a later date after losing their enforcement power as a result of an act committed during the duration of the performance. Illegal agreements are illegal from the start and are punishable in the eyes of the law. Silence does not mean per-se communication Bank of India Ltd. Vs. Rustom Cowasjee- AIR 1955 Bom. 419 at page 430; 57 Bom. L.R. 850- Simple silence cannot be consent. It is not even a representation that can be appealed by Estoppel, unless there is an obligation to make a statement or to make a free act and the supplier has the right to approve. This means that an agreement that is not applicable by law does not constitute a valid contract.
The consideration or object of an agreement is legal, unless it is: all contracts throughout India are subject to the Indian Contracts Act of 1872. This specific legislation deals with the different types of treaties and the enumeration of the essential bases that are fundamental to the formulation of valid and opposable treaties. The law also establishes different definitions that find their place in the legal jargon of contracts. In addition, the law also specifies which purposes and considerations are lawful and what is not. A restriction of a person`s liberty in the conclusion of contracts is instituted, subject to public policy and other contingencies mentioned in the provision. As has already been said, the term “object” also becomes appropriate under the part of this section, which means the “purpose” of a contract. This provision states that if the parties to a treaty have an error in relation to a fact that is essential to the agreement. Therefore, any agreement with a bilateral error is null and void. Since such a condition only facilitates the distribution of Coca Cola/McDonalds (the franchisor) products, the franchise agreement will not be cancelled under Section 27 of the ICA. In the legal context, it is very difficult to attribute a specific definition to the concept of “public order”.
It has a huge scope and is consistent with legal policy. On several occasions, it is considered a variable quantity that expands its subscription and definition according to situations and circumstances. In the Court`s view, greater importance should be given to public order in connoting matters relating to the public interest and well-being. What is harmful or useful to the public from time to time should apply to the definition of public order. There are exceptions to this general rule. For example, an act of donation does not involve consideration, as the property is transferred under an act of donation only out of love and affection.
