Illegal Contract - Law Dictionary Search Results
Illegal contract
Matched in: Term Illegal contract
illegal
Matched in: Term illegal
Consideration
payment which is due immediately. See Foakes v. Beer, LR 9 AC 605, and ACCORD AND SATISFACTION. (b) Illegal and impossible consideration. A contract may be illegal because it contravenes the principles of the Common Law, or
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contract
Matched in: Term contract
Wages
declared void by s. 30 of the Contract Act. Gambling or wagering contracts were never declared to be illegal by courts in India as being contrary to public policy as offending the principles of ancient Hindu Law
Public policy
and the public interest, Janson v. Driefontein Consolidated Gold Mines Ltd., (1902) AC 484. Public policy, means a contract can be said to be illegal if it is opposed to public policy. If cannot be said that … contemplated but was not perpetrated, the defendants should not be allowed to perpetrate a new fraud. If the illegality of the transaction is trivial or venial and the plaintiff is not required to rest his case upon
Immoral contracts
because it is a specialty (see CONTRACT), and has not been made for an executory consideration of an illegal nature. A covenant to pay money in consideration of future cohabitation is void, though under seal, Ayerst v.
rescind
(a contract or transaction) by mutual agreement, judicial decree, or unilateral declaration because of fraud, mistake, duress, misrepresentation, illegality, a breach, or another sufficient ground with both parties restored to their positions before the contract was made
Lex loci contractus
it now exists among savage tribes. The same rule applies to the invalidity of contracts; if void or illegal by the law of the place of the contract, they are generally held void and illegal everywhere. This
restraint of trade
economic forces [the Sherman Antitrust Act declared every contract, combination, and conspiracy in restraint of trade to be illegal] ;also : the means (as a contract or combination) employed in such an endeavor see also horizontal restraint,
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