Rajesh Itty Eapen
(111 Points)
Replied 05 March 2008
Voidable contracts are those which have the legal entity while the void agreement are tainted with illegality meaning thereby having no place in the eye of law and making no contract at all.
Dear for your kind information the contract cannot be the illegal nonetheless there is the concept of illegal agreement but it is ab initio because void at its inception making no contract at all.
vaibhav
(CA & CS)
(577 Points)
Replied 16 November 2008
various persons have tried to explain you the meaning of different words. if you further requires example then visit on the side vakil no 1 .