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Indian Contract Act (ICA)1872 Valid and Void Contracts

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………….. is without any legal effect and cannot be enforced in a Court of Law.

Valid Contract

Void Contract

Voidable Contract

Unenforceable Contract

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Explanation:

- Valid Contract: A valid contract is an agreement that is legally binding and enforceable in a court of law. It meets all the necessary legal requirements.

- Void Contract: A void contract is an agreement that lacks legal effect from the onset, making it unenforceable by a court. Correct Answer.

- Voidable Contract: A voidable contract is a valid agreement but can be declared void at the option of one of the parties due to certain legal defenses.

- Unenforceable Contract: An unenforceable contract is one that has the necessary elements of a valid contract but cannot be enforced in court due to technical reasons, such as failing a statute of frauds requirement.

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