Legality, Void Agreements & Contingent Contracts — KSLU Contract 1 Notes

Legality, Void Agreements & Contingent Contracts

An agreement with an unlawful object or consideration (S.23) — forbidden by law, fraudulent, immoral, or opposed to public policy — is void. Specifically void agreements include restraint of marriage (S.26), restraint of trade (S.27 — subject to the sale-of-goodwill exception; Madhub Chunder), restraint of legal proceedings (S.28), uncertain agreements (S.29), and wagering agreements (S.30). A contingent contract (S.31) is one to do or not do something if an uncertain future event happens.