Trade combination agreements like opening and closing of business ventures licensing of traders supe...........

Indian Contract Act (ICA)1872 Valid and Void Contracts

Trade combination agreements like opening and closing of business ventures, licensing of traders, supervision and control of dealers, etc., are

void

valid

voidable

immoral

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Explanation:

- Option 1: Void

- Trade combination agreements are deemed void if they restrain trade or are against public policy. This means they are treated as if they never existed.

- Option 2: Valid

- Agreements are valid if they comply with legal standards and do not violate any laws or public policies concerning trade.

- CORRECT ANSWER: Licensing, operating conditions, and controls typically align with regulatory frameworks.

- Option 3: Voidable

- These agreements are not voidable as they are generally not subject to invalidation by one party. Voidable contracts usually involve consent issues.

- Option 4: Immoral

- Trade combination agreements are not considered immoral unless they involve unethical practices.