THE INDIAN CONTRACT ACT, 1872

Agreements by way of wager void Agreements by way of wager are void; and no suit shall be brought for recovering anything alleged to be won on any wager, or entrusted to any person to abide the result of any game or other uncertain event on which any wager is made. Exception in favour of […]

Agreements void for uncertainty Agreements, the meaning of which is not certain, or capable of being made certain, are void.Illustrations(a) A agrees to sell to B “a hundred tons of oil”. There is nothing whatever to show what kind of oil was intended. Theagreement is void for uncertainty.(b) A agrees to sell to B one

Agreements in restraint of legal proceedings, void [Every agreement,—(a) by which any party thereto is restricted absolutely from enforcing his rights under or inrespect of any contract, by the usual legal proceedings in the ordinary tribunals, or which limits thetime within which he may thus enforce his rights; or(b) which extinguishes the rights of any

Agreement in restraint of trade, void Every agreement by which any one is restrained from exercising a lawful profession, trade or business of any kind, is to that extent void.Exception 1.—Saving of agreement not to carry on business of which good-will is sold.—Onewho sells the good-will of a business may agree with the buyer to

Agreement in restraint of marriage, void Every agreement in restraint of the marriage of any person, other than a minor, is void. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company

Agreement without consideration, void, unless it is in writing and registered or is a promise to compensate for something done or is a promise to pay a debt barred by limitation law Anagreement made without consideration is void, unless—(1) it is expressed in writing and registered under the law for the time being in force

Agreement void, if considerations and objects unlawful in part If any part of a single consideration for one or more objects, or any one or any part of any one of several considerations for a single object, is unlawful, the agreement is void.IllustrationA promises to superintend, on behalf of B, a legal manufacture of indigo,

What considerations and objects are lawful, and what not The consideration or object of an agreement is lawful, unless—it is forbidden by law4 ; oris of such a nature that, if permitted, it would defeat the provisions of any law; or is fraudulent ; or involves or implies, injury to the person or property of

Contract caused by mistake of one party as to matter of fact —A contract is not voidable merely because it was caused by one of the parties to it being under a mistake as to a matter of fact. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax

Effect of mistakes as to law A contract is not voidable because it was caused by a mistake as to any law in force in 1 [India]; but a mistake as to a law not in force in 1 [India] has the same effect as a mistake of fact. Practice area’s of B K Goyal