Frequently Asked Questions
What are some examples of contracts that may be considered ab initio?
Examples of contracts that may be considered ab initio include those that involve illegal activities, such as contracts for the sale of illegal drugs or contracts that involve fraudulent misrepresentation.
What are the consequences of a contract being deemed ab initio?
When a contract is deemed void ab initio, it is considered null and void from the beginning. This means that neither party can enforce the terms of the contract, and any obligations or rights arising from the contract are extinguished.
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