5

The Indian Contract Act 1872: Void Agreement and Contingent Contract

Learning Objectives

In this chapter, the students will come to know the

  • 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 of an ...

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