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Valid Contract |.Void Contract | Voidable Contract | Valid, Void & Voidable Contract with Examples
Valid Contract |.Void Contract | Voidable Contract | Valid, Void & Voidable Contract with Examples |
Difference between Valid Void and Voidable contract | indian contract act 1872
🔴 Valid Contracts --
The Valid Contract is an agreement that is legally binding and enforceable. It must qualify all the essentials of a contract.
🔴 Void Contract Or Agreement ---
The section 2(j) of the Act defines a void contract as “A contract which ceases to be enforceable by law becomes void when it ceases to be enforceable”. This makes all those contracts that are not enforceable by a court of law as void.
🗣️ Example: A agrees to pay B a sum of Rs 10,000 after 5 years against a loan of Rs. 8,000. A dies of natural causes in 4 years. The contract is no longer valid and becomes void due to the non-enforceability of the agreed terms.
🔴 Voidable Contract --
These types of Contracts are defined in section 2(i) of the Act: “An agreement which is enforceable by law at the option of one or more of the parties thereto, but not at the option of the other or others, is a voidable contract.” This may seem difficult to wrap your head around but consider the following example:
🗣️ Suppose a person A agrees to pay a sum of Rs. 10,0000 to a person B for an antique chair. This contract would be valid, the only problem is that person B is a minor and can’t legally enter a contract.
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🔴 This video might be useful for students preparing for -
🗣️ 11th Commerce #11thcommerce
🗣️ 12th commerce boards #12thcommerce
🗣️ CSEET(CS FOUNDATION ICSI) #cseet
🗣️ CA Foundation #cafoundation
🗣️ UGC NET COMMERCE #ugcnetcommerce
🗣️ LLB #llb
🗣️ UGC NET LAW #ugcnetlaw
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🔴 In this video - #padhakulog
Teacher's Name - CS Payal Popli
Topic - Types of Contract | Valid Contract | Void Contract | Voidable Contract
===============================================
🫵🏻 Connect with us-
🗣️Instagram- padhaku_log?igshid=16luafh5weq49
🗣️Facebook- Padhaku-Log-101091301476679/
🗣️Mail id- padhakulog14@gmail.com
🗣️Watsapp-9630227777
🗣️Telegram-9630227777
===============================================
❤️About us:
Padhaku Log is a platform specially created for those students who live in remote areas and don’t have access to fancy coaching classes. A channel which wants to bring parity in knowledge level of all.
zhlédnutí: 273

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Komentáře

  • @nagar-yb7wo7ej8o
    @nagar-yb7wo7ej8o Před 45 minutami

    Corporate personality per video banaye ky aala ke CA FOUNDATION KE LIYE NOTES PROVIDE KAR DENGE I AM CA FOUNDATION STUDENTS JANUARY 2025 ME EXAM HAI N BHI MERA 2ND ATTEMPT HAI I HOPE YOU PROVIDE NOTES OF CAF LAW

  • @nagar-yb7wo7ej8o
    @nagar-yb7wo7ej8o Před 56 minutami

    Company and firm me ky difference hota hai

    • @padhakulog
      @padhakulog Před 44 minutami

      Ispe already video available hai channel pe…search Company vs partnership firm

  • @nagar-yb7wo7ej8o
    @nagar-yb7wo7ej8o Před hodinou

    Right to indemnity, Right of an agent per video baney

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    @nagar-yb7wo7ej8o Před hodinou

    Right to remuneration, what is remuneration is topic per video baney

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    @MohdIbrahim-m8l Před 2 hodinami

    Mashallah

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    @MohdIbrahim-m8l Před 2 hodinami

    Mashallah

  • @MohdIbrahim-m8l
    @MohdIbrahim-m8l Před 2 hodinami

    Mashallah bohat bohat bohat Best explanation I am so happy I have. More knowledge increas from your explanation Thank you

  • @nagar-yb7wo7ej8o
    @nagar-yb7wo7ej8o Před 3 hodinami

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    @nagar-yb7wo7ej8o Před 3 hodinami

    Mode of registration /incorporation of company CA FOUNDATION COMPANY LAW ICAI MODULE # PROMOTERS # FORMATION OF COMPANY # INCORPORATION OF COMPANY # FILING OF THE DOCUMENT AND INFORMATION WITH THE REGISTAR # ISSUE OF CERTIFICATE OF INCORPORATION ON REGISTRATION # Co. ALREADY INCORPORATION BY FURNISHING ANY FALSE OR INCORRECT INFORMATION OR REPRESENTATION OR BY SUPPRESSING ANY MATERIAL FACT # ORDER OF THE TRIBUNAL # EFFECT OF REGISTRATION IS TOPIC PER VIDEO BANAYE PLSSS 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏

  • @nagar-yb7wo7ej8o
    @nagar-yb7wo7ej8o Před 3 hodinami

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    @akchaudhary4549 Před 3 hodinami

    बेटा-बेटा कर रही हो, हो सकता है पापा पढ़ रहे हों।

  • @DeepakGupta-sb8hc
    @DeepakGupta-sb8hc Před 4 hodinami

    Thankyou so much mam ❤❤

  • @Its_vanshul_bhati
    @Its_vanshul_bhati Před 4 hodinami

    5:25

  • @Its_vanshul_bhati
    @Its_vanshul_bhati Před 4 hodinami

    ❤❤

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    @khushigautamgautam7510 Před 11 hodinami

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  • @siyadqureshi730
    @siyadqureshi730 Před 14 hodinami

    Mama you did it very well. I understand a lot, thank you

  • @NehaTiwari-v7i
    @NehaTiwari-v7i Před 22 hodinami

    Tomorrow is my corporate legal framework exam n this explanation is best for me...... thankyou payal mam❤

    • @padhakulog
      @padhakulog Před 22 hodinami

      All the very Best 🥳🥰

  • @AishwaryaPatki-rt2ee
    @AishwaryaPatki-rt2ee Před 22 hodinami

    I wish if u could have completed law syllabus.. specially subjects like civil procedure, criminal, jurisprudence...

  • @swan1872
    @swan1872 Před dnem

    Thank you for sharing informative things in understandable way.

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    @zoloartemis137 Před dnem

    How to write ans in cs executive

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    @rohinibangur3877 Před dnem

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    Kon 2024 m dekh rha h

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    @tvlogs7441 Před dnem

    Adjudication

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    @PritamPaul-yj2xt Před dnem

    Very helpful video 😄

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    @DesrajDesraj-i5l Před dnem

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    @swastikkumar4187 Před dnem

    popli 🤣😂🤣😂

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    @anuprasad2126 Před 2 dny

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    @RoniBiswas-lw7vq Před 2 dny

    Hawala agent kaha milega . Unse contact kaise karu ???

  • @zeeshanahmad1491
    @zeeshanahmad1491 Před 2 dny

    Cs means ? (Which is include in your name)

  • @anikchakraborty2104

    Nice explanation mam thank a lot ❤

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    @khanakarora9920 Před 2 dny

    ma'am can you please cover book 2 ch 10 and 11 as early as possible

  • @zakaullahbabar4557
    @zakaullahbabar4557 Před 2 dny

    Bohat ala, stay blessed, regards from Pakistan

  • @islamulhussain4262
    @islamulhussain4262 Před 2 dny

    Thanks ma'am ❤ very helpful video 🎉

  • @user-gz1bx9eb5m
    @user-gz1bx9eb5m Před 2 dny

    How banks earn interest in slr?

  • @krishnayadav-qm1xx
    @krishnayadav-qm1xx Před 3 dny

    Dairy farm heavy

  • @user-pf6hw7jl1l
    @user-pf6hw7jl1l Před 3 dny

    Wow pupli mam bdiya pdhti h ap🎉🎉😊