Void contracts, Business Law and Ethics

Void Contracts - Law of Contract

However these are contracts which the law treats as non-existent.  Thus as a general rule illegal contract is only void although not certain rights may be salvaged through the innocent party.  But a contract may be rendered through statute or at common law as i.e. courts of law.

Contracts void by the statute

Wagering contract

Moreover this is a contract whereby two persons or groups of persons with different views at the outcome of an uncertain future event agree such some consideration is to pass depending at the outcome.

Contracts void at common law

However these are contracts declared void through courts of law for being contrary for public policy namely

  1. Contract of the courts and
  2. Contract prejudicial to the statute of marriage and last
  3. Contracts in restraint of trade
Posted Date: 1/22/2013 4:21:35 AM | Location : United States







Related Discussions:- Void contracts, Assignment Help, Ask Question on Void contracts, Get Answer, Expert's Help, Void contracts Discussions

Write discussion on Void contracts
Your posts are moderated
Related Questions
QUESTION 1 (i) What are closed shop agreements and whether there are any legal remedies if such agreements do exist? (ii) Industrial relations are the relationships between

In 2001, Puerto Rico enacted a law that requires specific labels on cement sold in Puerto Rico and imposes fines for any violations of these requirements. The law prohibits the sal

Explain Immunities of international organizations The immunities of international organizations are almost always specified in a treaty between the organizations and the host

Question: Joe is the regional manager of a multinational company operating in your country. This business manufactures toys for children and sells them in several other countri

England Judicial System Moreover the current England judicial system is prearranged in the form of a pyramid, along with the Court of Appeal at the apex there the High Court i

Alteration of Capital: A company is empowered by S.63 to alter the provisions of its memorandum of association which relates to its registered or authorised capital. However,

State about the Stages in the policy process Stages in the policy process are generally conceptualized within a broader environment governed by constitutional rules, political

Case Study Cathy's septic tank at her house was old and it suddenly stopped  working.  On 9 June 2008 she called Dave, the owner of Septix Pty Ltd (-Septix?), to urgently give

Types of Authority - Agency Law Further there are three types of authority namely like:; (a) Real or factual However this is the authority that in fact is given to the

REGULATIONS REGARDING ALCOHOL PURCHASE AND STORAGE As YOU know, ethyl alcohol is one of the laboratory chemicals which can be misused. To control its purchase, storage and use,