Beruflich Dokumente
Kultur Dokumente
1.
2.
3.
4.
5.
Validity
Valid
Void
Voidable
Illegal
Unenforceable
6.
7.
8.
Formation
Express
Implied
Quasi
Void Contract
cannot be
enforceable.
Defined in
Section 2 (j).
Section 2 (i).
Nature
The contract is
The contract is valid, until
valid, but
the party whose consent is
subsequently
not free, does not revokes
becomes invalid due it.
to some reasons.
Rights party
Suit for
damages
No
Voidable Contract
Meaning
The contract becomes valid until the aggrieved party does not
cancels it. Moreover, the party aggrieved party has the right to
claim damages from the other party.
Differences:
1. A contract which lacks enforceability is Void Contract. A
contract which lacks the free will of one of the parties to
contract is known as Voidable Contract.
2. Void Contract is defined in section 2 (j) while Voidable
Contract is defined in Section 2 (i) of the Indian Contract
Act, 1872.
3. A void contract was valid at the time when it is created,
but later on it becomes invalid. Conversely, voidable
contract is valid until the aggrieved party, does not revokes
it within stipulated time.
4. When it is impossible, for an act to be performed by the
parties it becomes void, as it ceases its enforceability.
When the consent of the parties to the contract is not free,
5.
6.
CONCLUSION
There are many contracts which are valid, but sometimes due to
certain circumstances, they cease to be enforceable which makes
them a void contract because it is impossible that the contract is to
be further executed. Similarly, there are many people who
unlawfully induce or persuade the will of another person to enter
into a contract, which becomes voidable at the option of the party
whose consent was so induced.