contract, which is contrary to public policy, may be rejected by the Court, even if this contract is beneficial for all the contracting parties – Which recitals and objects are lawful and what are not – Newar Marble Industries Pvt. Ltd. Vs. Rajasthan State Electricity Board, Jaipur, 1993 Cr. L.J. 1191 at 1197, 1198 [Raj.] – Which object or consideration against public policy, Was illegal and null and void – What could be better and what could be more may be an admission that the consideration or purpose of the compound interest rate agreement was the board of directors` failure to sue the petitioning company for an offence under section 39 of the Act, and that the board of directors turned the breach into a source of profit or benefit to itself. That recital or object is manifestly contrary to public policy, with the result that the agreement on the compound interest rate referred to in Article 23 of the Law is unlawful and inconclusive. It is not enforceable against the petitioners` society. The Indian Contract Act, 1872 imposes the Contracts Act in India and is the most important law governing contract law in India. The law is based on the principles of English common law. It applies to all states of India. It determines the circumstances in which the commitments of the parties are legally binding. In accordance with section 2(h), the Indian Contract Act defines a contract as a legally enforceable agreement.
4. Misrepresentation (section 18): „any part of an agreement, however innocent, is led to commit an error in the substance of the thing which is the subject of the agreement“. A contract will only be concluded when all the conditions have been concluded. If the facts of a particular case show that the performance of a written contract was a condition precedent for the entry into force of the contract between the parties, it is not possible to say that a contract concluded entered into force without the conclusion of a written contract between the parties; J.K. Industries Ltd. v. Mohan Investments and Properties Pvt. Ltd., AIR 1992 Del 305. (f) Promises that constitute the consideration or part of the mutual consideration shall be referred to as mutual promises; 3.
Fraud (section 17): „fraud“ means any act or concealment of essential facts or misrepresentations made knowingly by a party, with its duality or by its agent, for the purpose of deceiving another party of its agent or inciting it to enter into the contract. Simple silence is not a scam. a contractor is not required to disclose all or part of the other party. There are two exceptions where even simple silence can be fraud, one is where there is a duty to speak, so silence is fraud. or if silence is in itself synonymous with language, such silence is a scam. In the law, the relationship that exists when one person or party (the sponsor) instructs another (the agent) to act for him, for example. B to do his job, sell his goods, manage his business. Agency law therefore regulates the legal relationship in which the contractor has dealings with a third party on behalf of the contracting entity.
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