PGLAW 2015 Panjab University Entrance Exam With Answers

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42.

A Void Agreement Means :

A: Agreement not acceptable to court of law
B: Agreement not enforceable by law
C: Agreement violating legal procedure
D: Agreement illegal in nature

The answer is: B

Explanation

B: An agreement that is void is not enforceable by law. It means that the agreement is not legally binding and cannot be enforced by either party in a court of law. There are several reasons why an agreement may be void, including if it is illegal, against public policy, or if one of the parties was not legally competent to enter into the agreement. In contrast, a voidable agreement is one that is initially valid but can be later rescinded by one of the parties due to some defect or lack of capacity.