Void Agreements

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  • 1/86 Questions

    A void agreement is one which is

    • Not enforceable by law.
    • Enforceable at the option of both parties.
    • Enforceable at the option of one party.
    • Enforceable with permission of court.
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  • 2. 

    Every agreement in restraint of marriage of any person other then a minor, is

    • Voidable

    • Void

    • Valid

    • None of these

    Correct Answer
    A. Void
    Explanation
    An agreement in restraint of marriage of any person other than a minor is considered void because it goes against the principles of freedom and individual choice in marriage. Restraining someone from getting married is seen as a violation of their rights and is therefore not legally enforceable.

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  • 3. 

    Which of the following types of agreements have been expressly declared to be void?

    • Agreements in restraint of legal proceedings [Section 28].

    • Agreements with uncertain meanings [Section 29]

    • Agreements to do impossible act [Section 56]

    • All of the above

    Correct Answer
    A. All of the above
    Explanation
    The correct answer is "All of the above." This means that all three types of agreements mentioned in the options (agreements in restraint of legal proceedings, agreements with uncertain meanings, and agreements to do impossible acts) have been expressly declared to be void. According to Section 28, agreements in restraint of legal proceedings are void. Section 29 states that agreements with uncertain meanings are also void. Finally, Section 56 declares agreements to do impossible acts as void. Therefore, all three types of agreements mentioned in the options have been expressly declared to be void.

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  • 4. 

    An agreement the meaning of which is not capable of being made certain, is

    • Void

    • Valid

    • Voidable

    • Contingent

    Correct Answer
    A. Void
    Explanation
    An agreement the meaning of which is not capable of being made certain is considered void. This means that the agreement lacks clarity and cannot be enforced by law. Void agreements are essentially invalid from the beginning and hold no legal significance.

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  • 5. 

    ______________ are declared to be void under the Indian Contract Act.

    • Quasi contracts

    • Wagering agreements

    • Contingent contracts

    • Insurance contracts

    Correct Answer
    A. Wagering agreements
    Explanation
    Wagering agreements are declared to be void under the Indian Contract Act. This means that these agreements are not legally enforceable. Wagering agreements are those in which the parties involved make bets or wagers on uncertain events, such as the outcome of a game or a race. These agreements are considered to be against public policy and are therefore void. The Indian Contract Act aims to protect individuals from the potential harm and unfairness that can arise from such agreements, hence declaring them void.

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  • 6. 

    Certain types of agreements have been expressly declared to be void by the Indian Contract Act.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The Indian Contract Act explicitly declares certain types of agreements to be void. This means that these agreements are not legally enforceable and have no legal effect. The Act provides specific provisions that render these agreements void, such as agreements made under coercion, agreements with minors, agreements made under fraud or misrepresentation, and agreements that are against public policy. Therefore, the statement that certain types of agreements have been expressly declared to be void by the Indian Contract Act is true.

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  • 7. 

    A agrees to discover a treasure by magic and B agrees to pay Rs. 10,000 to A for his act. The agreement is

    • Void

    • Valid

    • Voidable

    • None of these

    Correct Answer
    A. Void
    Explanation
    The agreement between A and B to discover a treasure by magic and for B to pay Rs. 10,000 to A is void. This is because the objective of the agreement is impossible to achieve. Magic is not a real or practical means of discovering a treasure, and therefore the agreement lacks a lawful object. As a result, the agreement is considered void and has no legal validity.

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  • 8. 

     An agreement in restraint of marriage i.e., which prevents a person from marrying, is 

    • Valid

    • Voidable

    • Void

    • None of these

    Correct Answer
    A. Void
    Explanation
    An agreement in restraint of marriage is void because it goes against public policy and the principles of personal freedom. Marriage is a fundamental right and individuals should not be restricted or prevented from entering into it. Therefore, any agreement that attempts to restrain or prohibit marriage is considered invalid and unenforceable.

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  • 9. 

    An agreement restraining the outgoing (.i.e., retiring) partner form carrying on business similar to that of the firm will be valid and enforceable if the restriction.

    • Is reasonable

    • Specifies the local limit

    • Specifies the period for which it will remain in force

    • All of these.

    Correct Answer
    A. All of these.
    Explanation
    The correct answer is "All of these." An agreement restraining the outgoing partner from carrying on a similar business will be valid and enforceable if it is reasonable, specifies the local limit, and specifies the period for which it will remain in force. All three conditions need to be met for the agreement to be valid and enforceable.

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  • 10. 

    An agreement which puts restriction on a person from marrying is void under Section 26 being an agreement in restraint of

    • Liberty

    • Marriage

    • Legal right

    • Social right.

    Correct Answer
    A. Marriage
    Explanation
    An agreement that restricts a person from marrying is void under Section 26 because it goes against the principle of marriage as a fundamental right. Marriage is considered a personal choice and a basic liberty, and any agreement that attempts to restrict or interfere with this right is not legally enforceable. Therefore, such an agreement is void and has no legal validity.

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  • 11. 

    An agreement which prevents a person from marrying a particular person., is valid

    • True,as partial restraint is recognised try law.

    • False,as both restraints, complete or partial, makes the agreement void

    Correct Answer
    A. False,as both restraints, complete or partial, makes the agreement void
    Explanation
    The given answer is false because both complete and partial restraints make the agreement void. This means that any agreement that prevents a person from marrying a particular person, whether it is a complete or partial restraint, would not be considered valid.

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  • 12. 

    Regulations as to the opening and closing of business in the market, are

    • Not legal

    • Valid

    • Void

    • Illegal

    Correct Answer
    A. Valid
    Explanation
    The regulations as to the opening and closing of business in the market are considered valid because they are legally binding and enforceable. These regulations are likely established by the relevant authorities to maintain order, ensure fair competition, and protect the interests of both businesses and consumers. As long as these regulations are in accordance with the law and are implemented fairly, they are considered valid and must be followed by businesses operating in the market.

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  • 13. 

    A contract of insurance is a wagering agreement, thus void.

    • True,as its nature is that of wages

    • False, as it is perfectly valid.

    Correct Answer
    A. False, as it is perfectly valid.
    Explanation
    The statement is false because a contract of insurance is not a wagering agreement. While both involve a degree of risk, insurance contracts are based on the principle of indemnity and the transfer of risk from the insured to the insurer in exchange for a premium. Wagering agreements, on the other hand, involve placing bets on uncertain outcomes. Insurance contracts are legally recognized and enforceable, making them perfectly valid agreements.

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  • 14. 

    An agreement which restrains the seller of a good will from carrying on a similar business within specified local limits, is

    • Void

    • Voidable

    • Valid

    • Contingent

    Correct Answer
    A. Valid
    Explanation
    An agreement which restrains the seller of a good from carrying on a similar business within specified local limits is considered valid. This means that such an agreement is legally enforceable and binding on the parties involved. The restriction placed on the seller is within reasonable limits and does not violate any laws or public policy. Therefore, the agreement is considered valid and can be upheld in a court of law.

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  • 15. 

    As per Section 2(g) an agreement not enforceable by law is said to be __________

    • Voidable

    • Void

    • Valid

    • Invalid.

    Correct Answer
    A. Void
    Explanation
    An agreement not enforceable by law is said to be void. This means that the agreement is considered to have no legal effect from the beginning, as if it never existed. Void agreements are usually unenforceable because they lack the essential elements required for a valid contract, such as mutual consent or legality of the subject matter. Therefore, parties to a void agreement have no legal obligations towards each other and cannot seek remedies or enforce any rights arising from the agreement.

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  • 16. 

    Where an agreement in restraint of trade is not divisible, then the

    • Whole agreement is valid and enforceable

    • Whole agreement is void and unenforceable

    • Unrestricted part is valid and enforceable

    • None of these.

    Correct Answer
    A. Whole agreement is void and unenforceable
    Explanation
    In cases where an agreement in restraint of trade is not divisible, it means that the agreement cannot be separated into different parts or clauses. In such situations, the entire agreement is considered as a whole and if it contains a restraint of trade clause, the entire agreement becomes void and unenforceable. This means that neither party can legally enforce the agreement or seek remedies for any breaches.

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  • 17. 

    A service agreement which prevents an employee from working anywhere else during the period covered by service agreement, is 

    • Void

    • Valid

    • Voidable

    • Illegal

    Correct Answer
    A. Valid
    Explanation
    A service agreement that restricts an employee from working elsewhere during the period covered by the agreement is considered valid. This is because employers have the right to protect their business interests and ensure that employees are fully committed to their job responsibilities. By limiting the employee's ability to work elsewhere, the employer can ensure that the employee's focus remains solely on their duties within the organization. However, it is important to note that such agreements must comply with applicable laws and regulations to be enforceable.

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  • 18. 

    An agreement which prevents a person from marrying a particular person or a person of particular class ,is

    • Void

    • Voidable

    • Valid

    • Allowed with court permission

    Correct Answer
    A. Void
    Explanation
    An agreement that restricts a person from marrying a specific individual or someone from a particular class is considered void. This means that the agreement holds no legal force or effect and is therefore unenforceable. Such agreements are against public policy as they infringe upon an individual's freedom to choose their life partner. Consequently, any attempt to enforce or uphold such an agreement would be deemed invalid by the court.

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  • 19. 

    When the good will of business is sold , the seller may be restrained from carrying on similar business within specified local limits.

    • True, as it is the recognised exception under Section 27, which is necessary to protect the interest of purchaser of goodwill.

    • False,as all agreements in restraint of trade are void.

    Correct Answer
    A. True, as it is the recognised exception under Section 27, which is necessary to protect the interest of purchaser of goodwill.
    Explanation
    The statement is true because Section 27 recognizes an exception to the general rule that all agreements in restraint of trade are void. In the case of selling the goodwill of a business, the seller may be restrained from carrying on a similar business within specified local limits. This exception is necessary to protect the interest of the purchaser of the goodwill.

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  • 20. 

    An agreement to do an impossible act, is 

    • Valid

    • Void

    • Voidable

    • Contingent.

    Correct Answer
    A. Void
    Explanation
    An agreement to do an impossible act is void because it is not legally enforceable. In order for a contract to be valid, the parties involved must be capable of performing their obligations. If the act that is agreed upon is impossible to perform, the contract cannot be fulfilled and is therefore considered void.

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  • 21. 

    An agreement which completely retrains a person from enforcing his legal rights, is

    • Void

    • Valid

    • Voidable

    • None of these

    Correct Answer
    A. Void
    Explanation
    An agreement which completely restrains a person from enforcing his legal rights is considered void. This means that the agreement is not legally binding and has no legal effect. Such agreements are against public policy as they restrict an individual's freedom to exercise their legal rights. Therefore, they are deemed invalid and unenforceable by the court.

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  • 22. 

    An agreement restraining the purchaser of goodwill from carrying on business will be valid and enforceable if the restriction.

    • Is reasonable if the restriction

    • Specifies the period for which it will remain in force

    • Is form carrying on a similar business only

    • All of the above conditions should be satisfied

    Correct Answer
    A. All of the above conditions should be satisfied
    Explanation
    For an agreement restraining the purchaser of goodwill from carrying on business to be valid and enforceable, all of the above conditions should be satisfied. This means that the restriction must be reasonable, it must specify the period for which it will remain in force, and it must only restrict the purchaser from carrying on a similar business. If any of these conditions are not met, the agreement may not be considered valid or enforceable.

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  • 23. 

    An agreement in restraint of legal proceedings is

    • Valid

    • Void

    • Voidable

    • None of these

    Correct Answer
    A. Void
    Explanation
    An agreement in restraint of legal proceedings is considered void because it goes against public policy and the principles of justice. Such agreements restrict a person's right to access the legal system and seek justice, which is deemed unacceptable. The law aims to ensure that individuals have the freedom to pursue legal remedies and protect their rights, and any agreement that attempts to limit or restrain this freedom is deemed void and unenforceable.

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  • 24. 

    An agreement will be void as being of wagering nature, if it is dependent on the happening or non- happening of

    • An uncertain event

    • A certain event

    • Controlled event

    • None of these.

    Correct Answer
    A. An uncertain event
    Explanation
    An agreement will be void as being of wagering nature if it is dependent on the happening or non-happening of an uncertain event. This means that if the agreement is based on an event that is uncertain and unpredictable, it will be considered a wagering agreement and therefore void.

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  • 25. 

    An agreement to do an impossible act can be enforced with the permission of court.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    An agreement to do an impossible act cannot be enforced, even with the permission of a court. This is because it is not legally possible to perform an impossible act, and therefore, the court cannot enforce such an agreement.

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  • 26. 

    Agreements in restraint of trade have been expressly declared void under

    • Section 26

    • Section 27

    • Section 28

    • Section 29

    Correct Answer
    A. Section 27
    Explanation
    Section 27 of the law declares agreements in restraint of trade as void. This means that any contract or agreement that restricts a person's freedom to carry on their trade or profession is not legally enforceable. The purpose of this provision is to promote fair competition and prevent monopolies or unfair business practices. By declaring such agreements void, Section 27 ensures that individuals have the freedom to engage in trade and pursue their chosen profession without unnecessary restrictions.

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  • 27. 

    An agreement the meaning of which is capable of being made certain, is

    • Valid

    • Void

    • Voidable

    • Contingent

    Correct Answer
    A. Valid
    Explanation
    An agreement the meaning of which is capable of being made certain refers to an agreement that can be clearly understood and determined. In other words, the terms and intentions of the agreement can be easily identified and agreed upon by the parties involved. Therefore, such an agreement is considered valid and legally enforceable.

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  • 28. 

    A __________  is one which provides that money or money's worth will be paid on the happening or non-happening of specified uncertain event.

    • Contingent contract

    • Wagering agreement

    • Insurance contract

    • Quasi- contract.

    Correct Answer
    A. Wagering agreement
    Explanation
    A wagering agreement is a contract in which the parties agree to pay money or money's worth based on the outcome of a specified uncertain event. In a wagering agreement, the parties are essentially gambling on the outcome of the event, and the agreement is based on chance rather than a legitimate business transaction. Unlike other types of contracts, a wagering agreement is not enforceable by law as it is considered to be against public policy.

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  • 29. 

    If in an agreement, one party may win and cannot lose, or he may lose and cannot win, then the agreement is not wagering agreement.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    This statement is true because a wagering agreement is a contract where two parties agree to gamble on an uncertain event, and the outcome is dependent on chance. In a wagering agreement, both parties have a chance of winning or losing. However, in the given scenario, one party is guaranteed to either win or lose, leaving no element of chance. Therefore, the agreement does not meet the criteria of a wagering agreement.

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  • 30. 

    Which of the following types of agreements have been expressly declared to be void ? (i)  Agreements without consideration [Section 25]. (ii) Agreements in restraint of marriage [Section 26]. (iii) Agreements in restraint of trade [Section 27]. (iv) Agreements with inadequate consideration.

    • (i), (ii),(iv)

    • (ii), (iii), (iv)

    • (i), (iii), (iv)

    • (i), (ii), (iii)

    Correct Answer
    A. (i), (ii), (iii)
    Explanation
    The correct answer is (i), (ii), (iii). According to the given sections of the law, agreements without consideration, agreements in restraint of marriage, and agreements in restraint of trade have been expressly declared to be void. This means that these types of agreements are not legally enforceable and hold no legal validity.

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  • 31. 

    An agreement which prevents a person from marrying for a fixed period only, is valid.

    • True,as it is not regarded as an agreement in restraint of marriage

    • False,as it also falls in the category of agreements in restraint of marriage

    Correct Answer
    A. False,as it also falls in the category of agreements in restraint of marriage
    Explanation
    The given statement is false because an agreement that prevents a person from marrying for a fixed period is considered an agreement in restraint of marriage. Agreements in restraint of marriage are generally considered void and unenforceable because they are against public policy and restrict an individual's freedom to marry. Therefore, such an agreement would not be valid.

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  • 32. 

    A agrees to sell to B all the production of his only factory situated in Okhla This agreement is

    • Void, as there is no certainty about the product to be sold

    • Valid, as all the production is agreed to be sold, there is no uncertainty in the agreement

    • Voidable, at the option of B

    • None of these

    Correct Answer
    A. Valid, as all the production is agreed to be sold, there is no uncertainty in the agreement
    Explanation
    The correct answer is valid, as all the production is agreed to be sold, there is no uncertainty in the agreement. This means that A has agreed to sell all the products produced by their only factory in Okhla to B. Since there is no uncertainty or ambiguity in the agreement, it is considered valid.

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  • 33. 

    Wagering agreements have been declared to be void under

    • Section 24

    • Section 30

    • Section 29

    • None of these

    Correct Answer
    A. Section 30
    Explanation
    Wagering agreements involve placing bets on uncertain events, such as gambling. Section 30 of the law declares such agreements as void, meaning they have no legal effect. This is because they are considered to be against public policy and encourage gambling, which is generally seen as a harmful activity. Therefore, any agreement made for the purpose of wagering is not enforceable by law.

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  • 34. 

    An agreement to __________ where it is made to refer a future dispute to arbitration.

    • Valid

    • Void

    • Voidable

    • Illegal

    Correct Answer
    A. Valid
    Explanation
    An agreement to refer a future dispute to arbitration is considered valid because arbitration is a recognized and accepted method of resolving conflicts. It is a legally binding process where parties voluntarily agree to have their dispute settled by an impartial third party. Therefore, an agreement to use arbitration as a means of resolving future disputes is considered valid and enforceable by law.

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  • 35. 

    A has the legal right to file a suit (legal case) against B either at Delhi or at Calcutta. A and B entered into an agreement, that A can enforce his rights at Delhi only and not in Calcutta. This agreement is

    • Valid, as it puts a partial restraint only

    • Void, as restraint, partial or absolute, renders an agreement void.

    • A contingent contract as it depends upon A's sacrifice

    • Illegal, as such restrictions are unlawful.

    Correct Answer
    A. Valid, as it puts a partial restraint only
    Explanation
    The given answer is valid because the agreement between A and B restricts A from enforcing his rights in Calcutta, but allows him to do so in Delhi. This is considered a partial restraint, as it limits A's options but does not completely prevent him from taking legal action. Partial restraints are generally considered valid, whereas absolute restraints render an agreement void.

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  • 36. 

    An agreement in restraint of marriage is void if the restraint is

    • Complete only

    • Partial only

    • Compete or partial

    • Approved by court.

    Correct Answer
    A. Compete or partial
    Explanation
    An agreement in restraint of marriage is considered void if the restraint is either complete or partial. This means that any agreement that restricts or limits a person's freedom to marry, whether it is a complete prohibition or only a partial restriction, will be considered invalid. The law does not distinguish between complete or partial restraints when it comes to agreements in restraint of marriage. Therefore, both types of restraints are not enforceable and are deemed void.

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  • 37. 

    An agreement which prevents a person from marrying altogether is

    • Allowed

    • Allowed with court permission

    • Void

    • Voidable

    Correct Answer
    A. Void
    Explanation
    An agreement which prevents a person from marrying altogether is considered void. This means that such an agreement is not legally enforceable and holds no legal validity. It goes against the principles of personal freedom and the right to marry, which are protected by law. Therefore, any agreement that restricts or prohibits marriage is deemed invalid and has no legal effect.

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  • 38. 

    An agreement by a producer to sell all his output to one distributor who in turn agrees not to buy his requirement from any other producer, is

    • Valid

    • Void

    • Voidable

    • Illegal

    Correct Answer
    A. Valid
    Explanation
    In this scenario, the agreement between the producer and the distributor is considered valid. This is because both parties have willingly entered into a contract where the producer agrees to sell all of their output exclusively to the distributor, and the distributor agrees not to purchase from any other producer. As long as there are no illegal or unethical terms involved, such an agreement is legally binding and enforceable.

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  • 39. 

    A agrees to pay Rs. 500 B if it rains on Monday, and if does not rain on Monday then B will pay Rs. 500 to A . This is a

    • Uncertain agreement

    • Wagering agreement

    • Contingent contract

    • Quasi- contract

    Correct Answer
    A. Wagering agreement
    Explanation
    A wagering agreement is a type of contract where the outcome depends on the occurrence or non-occurrence of an uncertain event. In this case, the agreement between A and B is based on whether it rains on Monday or not. If it rains, A will pay Rs. 500 to B, and if it does not rain, B will pay Rs. 500 to A. The outcome of the contract is uncertain and depends on the weather condition on Monday, making it a wagering agreement.

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  • 40. 

    Which of the following agreement is not void as being an agreement in restraint of legal proceedings?

    • An agreement which extinguishes the right of a party.

    • An agreement which discharges a party from liability.

    • An agreement which provides for a reference to arbitration instead of court of law.

    • An agreement which limits the time within a right may be enforced.

    Correct Answer
    A. An agreement which provides for a reference to arbitration instead of court of law.
    Explanation
    An agreement which provides for a reference to arbitration instead of court of law is not void as being an agreement in restraint of legal proceedings. This is because arbitration is a recognized and accepted alternative to court proceedings for resolving disputes. It is a voluntary process where the parties agree to submit their dispute to a neutral third party, who will make a binding decision. Therefore, such an agreement does not restrict or restrain the parties' access to legal proceedings, but rather provides them with an alternative method of resolving their disputes.

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  • 41. 

    An agreement between the parties to refer any future dispute which may arise between them to arbitration is

    • Void

    • Valid

    • Voidable

    • Illegal

    Correct Answer
    A. Valid
    Explanation
    An agreement between the parties to refer any future dispute which may arise between them to arbitration is considered valid. Arbitration is a recognized method of resolving disputes outside of the court system, where a neutral third party (the arbitrator) is chosen by the parties to make a binding decision. By agreeing to refer any future disputes to arbitration, the parties are voluntarily choosing this alternative method of resolution, which is legally recognized and enforceable.

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  • 42. 

    An agreement the meaning of which is not certain is

    • Void

    • Valid

    • Voidable

    • Contingent

    Correct Answer
    A. Void
    Explanation
    An agreement the meaning of which is not certain is considered void. This means that the agreement is not legally binding and has no legal effect. The uncertainty regarding the meaning of the agreement makes it impossible for the parties involved to reach a mutual understanding and therefore renders the agreement invalid. As a result, neither party can enforce the terms of the agreement or seek any legal remedies in case of a breach.

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  • 43. 

    In which of the following cases an agreement does not fall in the category of wagering agreement?

    • Where either party has control over the happening or non-happening of event

    • Where other then the stake money, a party has some other interest in the happening or non- happening of the event.

    • Where there are no mutual changes of gain or loss.

    • All of the above.

    Correct Answer
    A. All of the above.
    Explanation
    An agreement does not fall in the category of wagering agreement when any of the following conditions are met: 1) Either party has control over the happening or non-happening of the event, meaning that the outcome is not solely dependent on chance. 2) Besides the stake money, a party has some other interest in the happening or non-happening of the event, indicating that there is a genuine purpose or motive beyond mere gambling. 3) There are no mutual changes of gain or loss, suggesting that the agreement does not involve a speculative element. Therefore, all of the above conditions must be satisfied for an agreement to not be considered a wagering agreement.

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  • 44. 

    Agreements to do impossible acts have been declared void under

    • Section 28

    • Section 29

    • Section 30

    • Section 56

    Correct Answer
    A. Section 56
    Explanation
    Section 56 of the Indian Contract Act states that agreements that are impossible to perform become void. This means that if the performance of an agreement becomes impossible due to the occurrence of an event that was not anticipated by the parties, the agreement is considered void. In other words, if an agreement becomes impossible to perform due to reasons beyond the control of the parties, it is no longer enforceable. Therefore, Section 56 is the correct answer as it specifically deals with agreements that are impossible to perform.

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  • 45. 

    An agreement in restraint of marriage is valid in case of

    • Married persons

    • Educated persons

    • Minors

    • None of these

    Correct Answer
    A. Minors
    Explanation
    An agreement in restraint of marriage is valid in the case of minors. This means that if a contract is made between two minors that restricts their ability to get married, it will be considered legally binding. However, it is important to note that agreements in restraint of marriage are generally not enforceable and considered against public policy. This is because marriage is considered a fundamental right and individuals should have the freedom to enter into marriage without any restrictions.

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  • 46. 

    An agreement which puts absolute restraint on legal proceedings is void and there is no exception to this rule.

    • True,as the Indian Contract Act specifically provides that there will be no exception.

    • False,as the exception have been provided in Explanation I and II of Section 28 itself.

    Correct Answer
    A. False,as the exception have been provided in Explanation I and II of Section 28 itself.
    Explanation
    The correct answer is False. The explanation for this answer is that there are exceptions to the rule that an agreement which puts absolute restraint on legal proceedings is void. These exceptions are provided in Explanation I and II of Section 28 of the Indian Contract Act.

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  • 47. 

    An agreement which prevents a person from carrying a lawful business, is   _____________. 

    • Valid

    • Void

    • Voidable

    • Contingent

    Correct Answer
    A. Void
    Explanation
    An agreement which prevents a person from carrying a lawful business is considered void. This means that such an agreement has no legal effect and is unenforceable. It goes against the principles of freedom to engage in lawful activities and restricts the individual's right to earn a livelihood. Therefore, any agreement that restricts a person from carrying out a lawful business is considered void.

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  • 48. 

    Agreements by way of wager have been declared void under

    • Section 28

    • Section 29

    • Section 30

    • None of these

    Correct Answer
    A. Section 30
    Explanation
    According to Section 30 of the Indian Contract Act, agreements by way of wager are declared void. This means that any agreement where the outcome depends on the happening or non-happening of an uncertain event in which both parties have an interest, but neither party has any control over the event, is not enforceable by law. Therefore, the correct answer is Section 30.

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  • 49. 

    Which of the following statements is correct?

    • A wagering agreement is void but not illegal.

    • In Gujarat and old Bombay wagering agreements have been declared to be illegal.

    • Both (a) and (b)

    • None of these.

    Correct Answer
    A. Both (a) and (b)
    Explanation
    Both option (a) and (b) are correct. A wagering agreement is void, meaning it has no legal effect, but it is not necessarily illegal. In Gujarat and old Bombay, however, wagering agreements have been specifically declared to be illegal. Therefore, both statements are true.

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  • Aug 18, 2011
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