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An agreement between ice manufacturers not to sell ice below a stated price and to divide the profits in a certain proportion is
Valid
Void
Enforceable
Voidable
- An agreement between ice manufacturers to not sell below a fixed price and to share profits is a form of a cartel or price-fixing arrangement.
- Such agreements are typically against public policy and violate the law (like the Competition Act in India or similar laws elsewhere) because they restrict free competition and harm consumers.
- Valid means the agreement can be enforced by law. But in this case, such agreements are unlawful.
- Void means the agreement has no legal effect from the start.
- Enforceable means courts will make parties follow it. This does not apply here due to its illegality.
- Voidable means one party can cancel the agreement under certain conditions; not relevant here.
- Therefore, the correct answer is:
Option:2, Void
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