5
The Indian Contract Act, 1872: Void Agreement and Contingent Contract
Learning Objectives
After reading this chapter, you will be able to understand:
- When an object or a consideration is regarded as unlawful?
- Agreements against public policy and its effect
- Illegal agreements and its effect
- Wagering agreement and its effect
- Contingent contract
The legality of the object and consideration is an important requirement for a valid contract. Every agreement of which the object or consideration is unlawful is void.
5.1 WHEN AN OBJECT OR A CONSIDERATION IS UNLAWFUL?—SECTION 23
The object or consideration of an agreement is unlawful in following cases:
5.1.1 If It Is Forbidden (Prohibited) by Law
The agreement is unlawful if it involves doing ...
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