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Question

A void agreement is Void _________.

A
Ab-intio
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B
Subsequently
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C
At the option of one party
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D
If conditions attached to the contract are not fulfilled
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Solution

The correct option is A Ab-intio
A contract that cannot be legally enforced by either party is considered void. Characteristics of a void contract include:
  • Not legally enforceable
  • Does not create legal rights or obligations for either party
  • May be against the law or public policy
  • Does not require compensation to be paid to either party
  • May occur if either party signed under duress
A void contract is void as soon as it is created or also known as Void Ab-Initio i.e. void from the beginning and this type of agreement can never be void because it was never a legal contract to begin with.

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