According to section 2(i), “an agreement which” is enforceable by law at the option of one or more of the parties thereto, but not at…

“An agreement not enforceable by law is said to be void” [sec.2 (g)]. Thus, a void agreement does not give rise to any legal consequences…

Literally the word ‘void’ means ‘not binding in law’. Accordingly the term. ‘void contract’ implies auseless contract which has no legal effect at all. Such…

An unenforceable contract is one which is valid in itself, but is not capable of being enforced in a court of law because of some…

The word ‘illegal’ means ‘contrary to law’ and the term ‘contract’ means ‘an agreement enforceable by law’. As such to speak of an ‘illegal contract’…

An agreement is a promise or set of promises (s). A contract is essentially an agreement, i.e., a promise or set of promise (s). Differences…

Similarities These agreements are not enforceable at law. Differences Scope- Illegal agreements are narrower in scope. All illegal agreements are void. Void agreements are wider…

Similarities A void agreement cannot create any legal rights. It is a total nullity. A void contract cannot create any legal rights. It is a…

Similarities: Restitution – If any benefit is passed between the parties, it may be restored back. Differences: Definition – When a contract ceases to be…

From the point of view of mode of creation a contract may be express or implied or constructive. 1. Express contract. Where both the offer…