DIFFERENCE BETWEEN VOID AGREEMENT AND ILLEGAL AGREEMENT
http://www.comgurukul.com/educational-books/gst-book/
Basis of difference
|
Void agreement
|
Illegal agreement
|
Scope
|
A void agreement is not necessarily
illegal.
|
An illegal agreement is always void.
|
Nature
|
Not
forbidden under law.
|
Are
forbidden under law.
|
Punishment
|
Parties are not liable for any punishment
under the law.
|
Parties to illegal agreements are liable for
punishment.
|
Collateral Agreement
|
It’s
not necessary that agreements collateral to void agreements may also be void.
It may be valid also.
|
Agreements collateral to illegal agreements are always void.
|
http://www.comgurukul.com/educational-books/gst-book/
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