Which of the following is a type of void contract?

Study for the ICAEW ACA Certificate Level - Law Test. Dive into multiple choice questions and detailed explanations to prepare effectively. Get ready for your exam!

A void contract is one that is not legally enforceable from the moment it is created. It lacks validity due to certain factors that may include illegality or an absence of essential elements required for a valid contract, such as consent, capacity, or a lawful object.

An illegal contract is inherently void because it involves activities or agreements that are prohibited by law. For example, if two parties enter into an agreement for criminal activities, that contract cannot be enforced by either party in a court of law. Thus, since illegal contracts violate public policy or laws, they do not hold any legal weight, making them void from the outset.

On the other hand, legal contracts, enforceable contracts, and implied contracts typically contain all necessary elements to be considered valid and enforceable under the law. Legal contracts are compliant with applicable laws, enforceable contracts can be legally upheld in a court, and implied contracts arise from actions or conduct rather than explicit agreement but still maintain enforceability. Therefore, these types do not qualify as void contracts.

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