Which statement is incorrect under the statutory terminology of the Indian Contract Act, 1872?
Question and options
Which statement is incorrect under the statutory terminology of the Indian Contract Act, 1872?
A void contract must have been unenforceable from its inception.
A void agreement is unenforceable from its inception.
A voidable contract remains a contract until the entitled party avoids it.
An agreement with an unlawful object is void from its inception.
Answer and explanation
Section 2(j) states that a contract becomes void when it ceases to be enforceable. Sections 2(g) and 2(i) distinguish an unenforceable agreement from a contract enforceable at one party’s option. Section 23 makes agreements with an unlawful object void.
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