In the figure above, A B made an offer and received an acceptance of it. However, the purpose of this contract, that is, the commission of theft by B, is not legal and is not criminal in nature. It is precisely this objective of the agreement that makes it an illegal agreement. Both parties are criminally responsible for their actions within the scope and scope of the Indian Penal Code (IBC). In addition, this contract is invalid from the outset, that is, invalidated from the outset. This contract cannot be legally enforced because it requires the execution of a particular act, prohibited by law and constituting a criminal offence. If the consideration or purpose of the agreement is illegal, it is « fraudulent » in the eyes of the law. However, the court observed some exceptions in different precedents and focused on different occasions on the expression pacta convent quae neque contra leges neque dolo mall inita sunt omnimodo observanda sunt. Any contract entered into by the parties must be fair to both parties to a transaction and must not put any of them in an unfair position with respect to the transactions in question and the performance of the contract. Standard form of the treaty: contract law has recently encountered a problem that is taking on new dimensions. The problem a born out of the widespread and widespread modern practice of contracting in a standardized form. Individuals who have been imposed such exception clauses or standard contracts have little choice but to comply. This provides the giant company with a unique opportunity to exploit the weakness of the individual by imposing conditions that can free the company from any contractual liability.
It is necessary and appropriate for their interests to be protected. The courts have therefore developed a number of rules to protect the interests of those who enter into a contract at the time of the issuance of securities: financial services are an important part of the financial system. They meet the needs of financial institutions, financial markets and financial instruments. The proper functioning of a financial system depends on the range of financial services that are expanded by providers.