Q: What is voidable contract based on contract act, 1872 ?
Ans: A contract may be deemed void if the agreement is not enforceable as it was originally written. In such instances, void contracts (also referred to as "void agreements") would include agreements that are either illegal in nature or in violation of fairness or public policy. There are many sections in Indian Contract Act, 1872 i.e., Section 19, Section 53, Section 55 and Section 64 of contract act, 1872 that mention about the conditions of void contract.
The contract can also be made void based on formation defects i.e., offer, acceptance, consideration, object and legal capacity.
The contract can also be made void based on vitiated consent.
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