CLAT (Common Law Admission Test) Legal-Aptitude Contract Law Revision (Page 4 of 5)

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Fraud

A fraud is any act committed by a person, his acquaintance, or his agent with an intention to deceive or endorse the opposite party to enter into contract, which he might have as such not entered into. The agreement is voidable at the option of the person who was forced to give

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Misrepresentation

Misrepresentation is when a person makes a false statement not to deceive the other party but because he himself believes that statement to be true. The person who consent is so caused can treat the contract to be voidable.

Example The government auctioned certain forest cou

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Mistake

Mistake means an erroneous belief about something. When it occurs, the contract becomes totally void. It may operate upon a contract in two ways.

It may defeat the consent altogether or it may mislead the parties as to the purpose which they contemplated.

Example ‘A’ makes

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Limitation on Freedom of Contract

For a contract to be valid, it is necessary that the object offered and the consideration offered for it are lawful. If any of it is opposed by law, it may be unlawful or void. The ‘Object’ and ‘Consideration’ may in some cases by the same thing but may also be different. Such

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Void Agreements

An agreement which the law cannot enforce to be carried out is void agreement. Some agreements that law has expressly or specifically declared as void under Indian Contract Act.

  • Agreement which are uncertain and ambiguous.
  • Agreement without consideration.
  • Agreement by way o

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