The question asks to identify the correct statement concerning agreements and the concept of impossibility.
Identifying Void Agreements: Impossible Acts
The core principle here relates to the validity of agreements based on the possibility of performing the agreed-upon act. According to contract law principles (often derived from statutes like the Indian Contract Act, 1872, Section 56), certain types of agreements are inherently invalid from the start.
Analysis of Statements
- Statement 1: "An agreement not to do an impossible act in itself is void." This is incorrect. An agreement *not* to do something impossible is often valid, as the impossibility doesn't hinder the agreement itself.
- Statement 2: "An agreement to do a possible act is void." This is fundamentally incorrect. Agreements to do possible acts form the basis of valid contracts.
- Statement 3: "An agreement to do an act impossible in itself is void." This statement correctly reflects the legal principle. If an act is impossible from the very beginning (impossible in itself), any agreement based on performing that act cannot be enforced and is considered void ab initio (from the beginning). Examples include agreeing to discover treasure by magic or agreeing to pay money to a person who is already dead.
- Statement 4: "A contract to do an act, which after the contract is made, becomes impossible... becomes valid, when the act becomes impossible or unlawful." This statement is incorrect. When an act that was initially possible becomes impossible *after* the contract is made (supervening impossibility), the contract typically becomes void, not valid.
Conclusion on Impossibility
Based on the analysis, the only statement that accurately represents a fundamental rule of contract law regarding impossibility is that agreements whose subject matter involves an act impossible in itself are void.
Important Questions from Law Relating To Contracts
A contract is said to be discharged by rescission:
A. When terms of a contract are altered
B. When a party makes novation of a contract
C. When an aggrieved party exercises his option to avoid the contract
D. When a party to a contract waives his rights under the contract
E. Where none of the parties has performed its part for a long time and no other party has objected against it
Choose the correct answer from the options given below:
Which of the following statements are TRUE in a contractual capacity?
A. Law presumes that every person is competent to contract unless otherwise proved
B. That a minor can make a contract for necessities of life
C. That a person of unsound mind can enter into the family contracts
D. A convict cannot enter into a valid contract nor can sue
E. That a wife can always make valid business contracts and bind her husband
Choose the correct answer from the options given below:
- Under the Equal Remuneration Act, 1976, which of the following is prohibited ?
- What does psychological emotional abuse include ?
(a) Failure to provide adequate food or clothing.
(b) Provide basic education.
(c) Striking a child
(d) Engaging in a Sexual act or shaming a child.
Choose the correct answer from the options : - What is the purpose of 'The One Stop Centers mentioned in the context of gender-based violence ?
