E. If fraud is committed under a law, the person who has committed fraud is also held liable under that law. Under the Indian Contract Act of 1872, contracts executed on the basis of coercion, inappropriate influence, fraud and misrepresentation are an inconclusive contract, as the contracting parties have an option to execute or not to execute the contract. It is illegal to enter into a contract without the agreement of both parties in the same direction. 11. Empty Contract 2 (d): A contract expires when it is no longer enforceable by law. For a contract to be valid, the agreement of the parties must be free and authentic. The principle applied to the validity of a contract stipulates that the contracting parties must be equivalent in the same sense. Contracting parties must have a similar understanding of the treaty issue. Since the contractors have made an error of fact under Section 20, such an agreement is null and void. If both parties make an error of fact on substantive, factual, identity, price or other key issues of the contract, no contract is entered into. The consent obtained in error is not valid.

There are two types of errors: consent exists when a person voluntarily acknowledges another person`s proposal or wish. Consent is used in several areas such as law, medicine, research and relationship. Free consent means consent given to a person to carry out an act of his own volition. Here we see approval and freedom of approval under the Treaty Act. Section 17 states that simple silence is not fraud. But the active silence of the facts requires efforts to conceal the truth, hence, if silence boils down to the active concealment of the facts, it is fraud. 10. Nullity Contract 2 (i): a contract is a non-negotiable contract if it is legally applicable to the choice of one or more parties (i.e. the victim) and is not enforceable by law at the choice of another or another. In our daily lives, we enter into a contract, knowingly or without knowing it.

We make agreements or promises to achieve them in the near future or after a set period. In India, the contract is governed by the Indian Contract Act of 1872, which defines the conditions under which a contract must be registered.