Contract is a fundamental topic in law, and when you pursue this course, you opt to write your assignment on this topic. However, the complications in learning and mastering the concept become a roadblock in framing your academic task correctly. Due to that, you can neither complete your work nor submit it on time. This affects your grades as you receive quite less even though you exert much effort in finishing the document. So, you ask for law assignment help to understand and form command of the concepts of contract law. Such a step has some reasons in support.
The first one is the language of law is complicated as you have to read the topic twice or thrice to extract the meaning. Moreover, the basic knowledge of the legislation is weak, which increases more confusion that has no one to answer. So, you seek to find someone with expertise in the subject who can teach you about the subheads of the contract. There are many sub-topics that as a law student you should know. However, the weak grasp of these points impacts your performance. So, you seek a platform or an expert to enhance your knowledge.
So, fear not as you have arrived at the correct place. This article addresses the factors that make a contract void. Now, you need to remain focused while reading them.
Introduction to Voidable Contract and Factors That Make a Contract Void
Each of you aims to strengthen your base in the course you pursue. But when the situation gets out of control, the best option is to take a step back. That allows you to repeat what you have learned from a different perspective. So, before studying the factors, you should know what is a voidable contract first.
Voidable Contract: Conceptual Meaning
Firstly, a contract involves an agreement between two parties, which is either verbal or written. However, there are a few situations where such an accord becomes non-existent. This unusual turn of events gives rise to a voidable contract. The following conditions or cases make it applicable or existing:
- One or both parties unable to disclose an essential fact or detail
- Making a mistake, misrepresenting the information and using fraud
- Forceful influence or duress
- Entering in a contract with a minor or someone who is incapable
- Adding one or more unreasonable terms in the agreement
- Breaching the contract
These terms make a contract void or non-existent. The agreement should occur without any illegal tricks for a successful contract between the two sides. Since the language remains too complex, you fail to grasp the concept and ask for assignment help. Now, it is time to switch towards the factors that create a voidable contract.
Factors That Make a Contract Void:
A contract requires consentual agreement between two individuals. However, some cases overruled the legal bindings so that one party can earn more profit. When you draft your assignment around this topic, you should know the following circumstances that make a contract non-existent.
Threatening to Sign the Contract:
The first situation that makes a contract void is forcing a party to enter into an agreement. That happens when one side has power and calibre with them, but the other does not. So, when they come to make an arrangement with each other, the powerful one tries to influence the weaker individual or company by bribing or threatening them. The motive is to frame a contract where the dominant participant decides the terms. Moreover, these conditions are non-negotiable as there is none who can.
Using Undue Influence to Accept:
Firstly, you must understand the term undue influence. It is an act where a party loses the free will and decision-making ability as the other side tampers them by using various illegal tricks. You must know that a contract becomes legal when both the parties agree to each other terms and make the final decision by themselves. However, using undue influence tricks, these parties try to persuade the other side to accept the terms by blindfolding them. It is applied so one party can amplify their profit percentage over the other side.
Incapable Party in the Contract:
One of the ways an individual enters into a contract where all the terms are in its favour is by finding an incapable person. Some parties find a mentally ill side or a minor to make an agreement to earn heavy profits. The reason is simple to understand as such companies or persons are not eligible or have the correct sense to form a judgment. That is why such contracts become void because there is only one party who can make wise decisions. This factor helps the second-party frame conditions that transfer the maximum profit percentage.
Breaching the Terms of Contract:
It is one of the popular reasons that turns a valid contract into void. When two companies or individuals agree to a contract, it contains specific terms like transferring goods or products. However, when the agreement includes persons, the conditions applied involve finishing a job or task. However, when one party fails to deliver per these provisions, it breaches the contract. When one of the organisations fails to pay the amount or deliver the asked product, they void the agreement. Moreover, it becomes invalid when a party cannot complete the assigned task.
Cheating or Conceal the Details:
When a contract becomes void, both the parties take sides as innocent and guilty. One such reason for this case is committing fraud with the partners. It comes when a side intentionally hides an essential piece of information from their counterpart. When such a thing happens, the contract becomes ineligible as one side did not follow a vital rule. When a contract is framed, both the parties are entitled to disclose all the details. However, some facts can backfire and can become a roadblock in the process. So, they keep the information hidden, and that is when it becomes void.
Mistakes Made by Both Parties:
While filing the contract, mistakes can occur, which make a contract non-applicable. That is why this is the reason that has the least effect on the contract. If, unless, any of the parties make a mistake knowingly. Also, if a party fails to read the arrangement by believing the other side’s words is not considered as a mistake since it is a decision. Hence, when an error occurs in framing a contract, it becomes void and is settled by reconstructing the agreement or paying the other side with a compensation fee. Both the parties can settle for a middle ground through a consentual decision.
Conclusion
Making a law assignment becomes troublesome when you fail to master its concept. That is why you ask for assignment help to find information in simple words. It helps you learn the subject and draft a project with correct details. So, this article discusses the situations that make a contract void in easy language. This topic generates confusion for many of you, so study them and frame an accurate task.