In legal studies, agreements can become void, voidable, or valid based on their nature and circumstances surrounding them. Understanding these terms is crucial to grasping the legality of an agreement.
Explanation:
An agreement is deemed void when it lacks any legal effect from the beginning. This means that such an agreement cannot be enforced by law, and it is as if it never existed. A primary reason for an agreement to be void is when its object or consideration is unlawful. Consideration or the objective of the contract must be legal; otherwise, the agreement contravenes the principles of legality.
For instance, if two parties come together with the intent to undertake an illegal activity, any agreement between them is inherently void. Legal systems do not recognize agreements based on illegal activities, such as a contract for committing a crime or fraud.
In this scenario, when the object or consideration is unlawful, the agreement is classified as void. Therefore, among the given options:
Void
Voidable
Valid
None of the above
Correct Answer: Void