Common Contracts

Difference between void agreement and voidable contract pdf

March 24th, 2021

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  March 24th, 2021

On the expiry of reasonable time, it may be come a valid contract, if the aggrieved party does not repudiate the contract within reasonable time. An agreement, which is not enforceable by law, is void agreement. A void contract should be distinguished from void agreement. Void Agreement – Meaning, Void agreement vs Voidable Contract The differences between them are: 1. A void agreement is void from the very beginning (i.e. void ab initio), whereas a void contract is valid at the time of its formation but become void subsequently. 2. An agreement may be known to be void to the contracting parties from the beginning. On the other hand, a contract becomes void due to the subsequent impossibility or illegality of performance. Therefore, the party may know it only subsequent to the contract. Differences between Voidable Contract and Void Agreement The point of distinction between Voidable Contract and Void Agreement are given below. 1. A voidable contract is voidable at the option of one of