Law · Indian Contract Act
Two parties entered into a contract. They later realized that the law as they understood it to be applicable was a foreign law not in force in India. Under the Indian Contract Act, 1872, a mistake as to a law not in force in India has the same effect as a mistake of fact. This makes their contract:
- 1Valid
- 2Voidable
- 3Void✓
- 4Illegal
Correct answer
Void
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