Mention the main flaws in a contract.
CS Executive · Economic and Commercial Laws · PYQS · June 2015
Mention the main flaws in a contract.
Answer & Explanation:
There may be the circumstances under which a contract made under these rules may still be bad, because there is a flaw, vice or error somewhere. As a result of such a flaw, the apparent agreement is not a real agreement. The chief flaws in contract are: Incapacity Mistake Misrepresentation Fraud Undue Influence Coercion Illegality Impossibility.
Topics: Indian Contract Act, 1872
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