Void and Voidable Agreement
Voidable Agreement :
An agreement which is not enforceable by
law at the option of the one or more of
the parties thereto, but not at the option
of the other or others, is a voidable
contract.
Void and Voidable Agreement
Example : Asif coerces Bilu entering into
a contract for the sale of Bilu’s house to
him. This contract can be voidable by
Bilu. Asif cannt enforce the contract. But
Bilu, if he desires, can enforce it against
asif.
Void and Voidable Agreement
Void Agreement :
An agreement which is not enforceable by
law is called void agreement. A void
agreement has no lawful effect and it
does not confer any right to parties to it.
Void and Voidable Agreement
Example : An agreement entered into by
minor,
agreement
made
without
consideration, agreement made against
public policy etc.
Void and Voidable Agreement
Unenforceable Agreement :
An
agreement
which
cannot
be
enforceable in the court of law because
of
technical
defects
are
called
unenforceable agreements.
Example : Agreements which is made
without registration or non-payment of
necessary stamp duty.
Void and Voidable Agreement
Illegal agreement :
An agreement which is made against
the law in force in Bangladesh.
Example: An agreement made for
performing a murder or robbery , is
an illegal agreement.
Void and Voidable Agreement
Valid Contract :
An agreement that fulfils the essential
elements of a contract and becomes
lawfully enforceable, is called a valid
contract and parties to a valid contract
violating obligation become subject to
legal action.