Void Agreement PPT: Understanding the Basics
A void agreement is a contract that is not legally binding and has no legal effect. It is null and void from the outset and cannot be enforced by law. This article discusses the basics of void agreements and provides a PPT presentation on the topic.
Types of Void Agreements
There are different types of void agreements, such as:
1. Agreement by a minor: If a minor enters into a contract, it is considered void since minors do not have the capacity to enter into a legally binding contract.
2. Agreement with an insane person: Any agreement made with a person who is of unsound mind is void.
3. Agreement made under coercion: If an agreement is made due to force, undue influence, or coercion, it is considered void.
4. Agreement made under a mistake of facts: If an agreement is based on a mistake of facts, it is void.
5. Agreement against public policy: Any agreement that goes against the public policy or the law of the land is considered void.
6. Agreement without consideration: Any agreement without consideration is void.
Consequences of Void Agreements
Void agreements have no legal effect, and neither party can enforce them. If a void agreement has been executed, it cannot be undone. However, if the agreement has not been executed, it can be avoided by either party.
Void agreements are different from voidable agreements, which are agreements that are initially valid but can be made void by one party. For example, a contract entered into by a minor is voidable and can be made void by the minor or their legal guardian, but a void agreement is null and void from the outset.
PPT Presentation on Void Agreements
The below PPT presentation covers the basics of void agreements, including types of void agreements, consequences of void agreements, and differences between void and voidable agreements.
[Insert PPT presentation here]
Conclusion
In conclusion, understanding the basics of void agreements is essential for anyone involved in any form of contract or agreement. It is important to note that void agreements have no legal effect and cannot be enforced by law. Additionally, void agreements are different from voidable agreements, which can be made void by one party.