CLAT 2014 Question Paper with answer key for online practice

Question : 157 of 200

Marks: +1, -0

Principle:
The consideration or object of an agreement is unlawful if it is forbidden by law. Every agreement of which the object or consideration is unlawful is void.
Facts:
'X', promises to pay 'Y' Rs. 50,000, if he ('Y') commits a crime. 'X' further promises to indemnify him ('Y') against any liability arising thereof. 'Y' agrees to act as per X's promise.Which of the following derivations is CORRECT?

There is a contract between 'X' and 'Y'
There is an agreement between 'X' and 'Y' which can be enforced by the court of law
There is an agreement between 'X' and 'Y' which can not be enforced by the court of law
There is a voidable contract between 'X' and 'Y'

Validate

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