BUSINESS LAW
(KHALID MAHMOOD CHEEMA)

CHAPTER NO.1 (CONTRACT AND ITS KINDS)


DISCUSS THOSE GROUNDS ON WHICH CONTRACT IS DECLEARED VOIDABLE
(DISTINGUISHED BETWEEN VOID & VOIDABLE)

1 Contract by fraud: In the contract if the consent of any party is taken by fraud to an agreement it becomes a voidable at the option of injuired party.
2 Contract by coercion: If the consent of the party of the other party is obtained by coercion in the contract it is oidable contract.
3 Contract by undue influence: In the contract if the consent of any party is taken by undue influence in the contract it becomes voidable contract at the option of that party whose consent was obtained by undue influence.
4 Contract by misrepresentation: The agreement becomes voidable at the option of that party whose consent was taken by misrepresentation.
5 Contract by minor: A contract with a minor about sale & partnership is voidable during minority or before attaining age of maturity .
6 Contract by unsoundmind: A man who is senseless or drunk or mad he can't enters to the agreement.