illegal aggrements and collateral transactions.

16686 views 9 replies

1.All illegal agreements are void but all void agreements are not necessaarily illega.. Whether this statement is correct. Pl explain

2, An illegal agreement is  not only void as between the immedaite parties it has further effect that even the collaterl transactions to it become tainted with illegality. Collateral transaction is one which is subsidiary, incidental or auxiliary to the original contract. Can any one explain collateral transaction and with example i,e subsidiary, auxiliary and incidental. ?

 thanks in advance

 

Replies (9)
see all illegal agreements are void becoz making an illegal agreement is against law. n all void agreements are nt illegal ,there may b many other cases for agreement to be void, for example agreement with an minor is void. agreement with a pradanasheel women is void. n there may b many more cases.
SEEEEEEEEEEEEEEEEE ! NOT PRADANASHEELWOMEN ............... IT IS PARDANASHIN WOMEN . O. K. !?
YOUR EXPLINATION IS SUPERB. WHAT ABOUT THE SECOND POINT(DOUBT). WAITING FOR U`R VALUABLE REPLY Miss.Preeti
Illegal agremment r unlawful like agremment to kill etc. nut a void aggrement is not necessarily illegal because agreement with a person of unsound mind duruing period of unsoundness is void not illegal......
Now let's come to collateral agreement .... Collateral agreement to illegal agreement are void . For example if A says to b that i will give you Rs.10000 if you kill C and for this purpose if he burrows money from Z then Z can't clain that amount fm. A because this agreement was collateral to a agreement which was illegal. Collateral agreement to void contract can be valid....
That's it..... For more info. refer N.D. kapoor or P.C. tulsian
Thank you Pulkit. for giving good answer. I am following ND Kapoor. Muruli

 

i have my own co-operatve society in maharashtra.our former secretery had purchased a room of 170sq ft in MHADA scheme,by an agreement we had already paid him full amount,but he did not produce us a noc for registry.

Actually , that agreement was been made in 1997 on 20 RS  stamp paper.but unfortunatrely we did not notary or registered that agreement.and now when we approach him he said he will never registered us that room.but the possession of that room is still under are organisation.so pls kindly suggest me what should i do in this case.

its urgent


👍

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details