Page 13 - 01. Indian Contract Act, 1872

Classification of contracts

According to validity According to formation According to According to
performance enforceability

Void Voidable Express Implied
Quasi
Constructive

Unilateral Bilateral Valid Unenforceable

Void contracts

 It is not a contract at all as it is without any legal effect.
Voidable contracts

 It is an agreement which is binding and enforceable but due to lack of one or

more of the essentials of a valid contract, it may be repudiated.

Void Contracts Voidable contracts
1. Section 2(i) Contract which Sanction 2(i) it may be repudiated at the

ceases to be enforceable by will of the aggrieved party.
law.

2. Not enforceable by any party Enforceable at the desire of the

aggrieved party
3 It is void from beginning to end It is valid in the beginning but is

subsequently declared void.

4. Agreement is void only if it is Agreement is voidable when its consent
made with the person having is based on coercion, fraud etc.

no contractual capacity,

without consideration etc.

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