Distinguish between void agreement and void contract.
Distinguish between void agreement and void contract are describe in below:
Basis of Distinction | Void Contract | Void Agreement |
Meaning | A contract which was an enforceable contract when entered into, but due to some supervening impossibility of performance, today it has become impossible to perform & hence is void. | An agreement not enforceable by law is a Void agreement. |
Reason | A contract becomes void due to some subsequent event that renders the performance of contract impossible to perform i.e. due to supervening impossibility of performance. | An agreement may become void due many reasons such as; an agreement with an incompetent person, etc. |
Enforceability | A void contract becomes unenforceable by law on the occurrence of that event which makes the performance impossible. | A void agreement is unenforceable since beginning e.g. if a person forms an agreement with a minor, it be is unenforceable since its formation. |
Example | A contract between residents of two countries becomes void when war is declared between these two parties. | An agreement with a minor is void. |
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