Void contract meaning in tamil

Tamil words for void include வெறுமை, செல்லுபடியற்ற, பலனில்லாத, ஒன்றுமில்லாத and. To be emitted or evacuated. What does void mean in a contract?

Is a contract voidable? What is void and voidable agreements? CONTRACT ACT - TAMIL LECTURES FOR LAW STUDENTS. This video is unavailable. At the time of formation of the contract, the contract is valid as it fulfills all the necessary conditions required to constitute a valid contract, i. In fact, void means that a contract does not exist at all.

Lack of capacity to contract (such as arises from being an infant or minor, intoxicate or insane) automatically makes a contract void. Not to be confused with voidable contract. In a voidable contract, there is an option for the parties to enforce the terms even though an element is missing , or some other issue exists with the terms. A void contract is missing an element.

However, when a contract is being written and signe there is no automatic mechanism available in every situation that can be utilized to detect the validity or enforceability of that contract. An Agreement Whose Meaning is Uncertain. An agreement whose meaning is uncertain cannot be a valid agreement, it is a void agreement.

If the essential meaning of the contract is not assure obviously the contract cannot go ahead. But if such uncertainty can be remove then the contract becomes valid. While a void contract is completely unenforceable by law, a voidable contract is a valid agreement.

However, the terms within a voidable contract provide one or both parties entering into the contract the ability to void the contract at any time. Voiding a Contract – Steps. Determine which elements of the contract may render it void. The law treats it as though the contract never existed. Void Contract in Contract Law.

The biggest difference is a void contract cannot be legally executed under the law whereas a voidable contract can. Wagering agreement is a void agreement, whereas contract of insurance is a valid one. In a wagering agreement, neither party has any interest in the happening or non-happening of an event. But in an insurance agreement, both the parties are interested in the subject-matter.

In law, severability refers to a provision in a contract or piece of legislation which states that if some of the terms are held to be illegal or otherwise unenforceable, the remainder should still apply. Therefore, no action can be maintained for breach of a void contract , and it cannot be made valid by ratification. A contract is not in existence when it is void. Because it is nugatory, a void contract need not be rescinded or otherwise declared invalid in a court of law. Such a contract is void if the event does not happen and the time lapses.

It is also void if before the time fixe the happening of the event becomes impossible.