These sections provide that an agreement with uncertain conditions is based on uncertain events or impossible events, except in some cases, such as horse racing. In principle, betting contracts, such as betting or gambling, are not enforceable in court. However, the creation of a tariff quota contract is perfectly valid. So there has to be an agreement that should be legally applicable. The sections on unglazed and non-sensitive contracts also complement other laws, such as the Goods Sale Act, 1930, or any other law on transactions between parties. They are an integral part of understanding contract formation, as it is equally important to highlight the nieces of the process. Finally, the nullity contract law strikes a balance between the flexibility and rigidity of its application, as it could adapt to the facts while maintaining its commercial conditions. For example, if Coca Cola or McDonald`s outsource its franchise to a particular company, a company/franchise may be subject to the condition that it does not sell competing products during the period during which the franchise agreement is in effect. This provision states that if the parties to a treaty have an error in relation to a fact that is essential to the agreement. Therefore, any agreement with a bilateral error is null and void. The provisions or sections relating to contracts not concluded under the Indian Contracts Act are not only simplistic, but also extremely clear. The fact that this law is applicable until today, without any change being necessary, is a testament to its element.
In addition, it takes a protective approach to contract law, in that it protects citizens from inappropriate, illegal and immoral obligations of an agreement, which can cause them heavy losses. It is very easy for some to influence others who might end up at a weak trading point and thus be exploited. Provisions such as these prevent such agreements from 200s with legal or formal power. These sections provide that any contract in which consent is not freely obtained from a party is void at that party`s choice. Under these conditions, consent may be obtained by coercion, incorrect or inconsistent presentation, which is contrary to free consent by law. Therefore, any contract that is entered into involuntarily or illegally cannot be unenforceable in court. This provision is particularly useful for ignorant people such as children and people with low minds, who are vulnerable to fraudulent systems. As far as India is concerned, the law has been codified in this case and has a lot of authority.
In civil cases such as this, judicial precedents are also very useful in clarifying the ambiguities of the law.