An agreement not enforceable by law is stated to be void under section 2(g) of the Indian Contract Act, 1872. This means that if a contract is made without the intention of creating any legal obligation, it is deemed invalid in the eyes of the law.
Such agreements cannot be enforced in a court of law, and any attempt to do so is considered legally futile. This could be due to various reasons, such as if the agreement violates public policy or if the parties involved lack the capacity to form a contract.
For instance, an agreement to sell illegal drugs is void because it is against public policy. Similarly, a contract entered into by a minor is also void because the minor lacks the capacity to enter into legally binding agreements.
It is important to note that a contract can also be voidable, which means that it is initially valid but can be later declared void if certain conditions are met. This could be because of undue influence, fraud, misrepresentation, or coercion during the formation of the contract.
Undue influence refers to situations where one party has a dominant position or power over the other, leading to an unfair advantage. Fraud involves intentional misrepresentation of facts to induce the other party to enter into a contract. Misrepresentation occurs when one party makes a false statement, leading to a misunderstanding. Coercion is the use of force or threat to compel someone to enter into a contract against their will.
In conclusion, an agreement not enforceable by law is stated to be void under section 2(g) of the Indian Contract Act, 1872. It means that such contracts are legally invalid and cannot be enforced in a court of law. It is essential to understand the conditions under which a contract can be declared void or voidable to avoid any legal disputes in the future. As a professional, it is important to use appropriate keywords while writing on legal matters to increase the visibility of the content online.