Void ab initio - A contract is null from the beginning if it seriously offends law or public policy in contrast to a contract which is merely voidable at the election of one of the parties to the contract.
agree with vandana coz void ab initio itself null from the begining.n their is no enforcebility even if u get into agreement or make contract..
perfectly vandana said.
Void ab initio drawn from the Latin phrase, Void means of no legal effect, i.e. absolute nullity, as if it had never existed, never happend. Simply saying law does not recognize, legally unviable, for an unlawful purpose or the subject matter of the agreement in itself is void.
ab (from), initio(from starting) i.e. from the outset.
e.g. an agreement for murder or robbery, etc. i.e. made for unlawful purposes or against the natural law, etc.
The term Void ab initio means in simple terms as Void from the very beginning.
void ab inition ... means void from the begining.
The term void-ab-initio means the contract is void at the very beginning
| Originally posted by : *RENU SINGH * | ||
![]() |
void ab inition ... means void from the begining. |
![]() |
| Originally posted by : *RENU SINGH * | ||
![]() |
void ab inition ... means void from the begining. |
![]() |
void means ceases to be enforceable by law and
ab-initio means at the very beginning.
Dear Rohit, Vandan and Mukesh,
Please avoid the term 'contract' in place of 'agreement' because ALL CONTRACTS ARE AGREEMENTS BUT ALL AGREEMENTS ARE NOT CONTRACTS.
An agreement can only become a contract subject to fulfillment of certain conditions as prescribed under the law, e.g. when an agreement is enforceable at law can become a contract otherwise not.
VOID AB INITIO as all have well explained is the agreement which lacks from very beginning or in a simple sense VOID because of the subject matter in itself is UNLAWFUL or VOID, the term(in fact phrase) has not only got its significance in LEGAL terminology but otherwise too.
| Originally posted by : Pratiksha | ||
![]() |
Ab initio means from the beginning so void ab initio means void from the beginning. If an agreement is known to be void even before it comes into existence then it is known to be a void ab initio agreement. Such agreements donot become contracts because to be a contract, an agreement must be legally enforceable; a quality void agreements lack. Void ab initio is a legal term and it is in Latin like all other legal terms. |
![]() |
TOTALLY AGREED
Your are not logged in . Please login to post replies
Click here to Login / Register
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View DetailsIndia's largest network for
finance professionals
