BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -In the present case, A and B had agreement to discover the treasure with magic which means the object of the agreement is impossible to perform and makes the agreement void.

Detailed explanation-2: -(a) A agrees with B to discover treasure by magic. The agreement is void."

Detailed explanation-3: -A void ab initio agreement is Latin for “void from the beginning.” This means that legally, a contract was void as soon as it was created. The parties of the contract are not legally related based on what was written in the agreement because the agreement in question was never valid.

Detailed explanation-4: –A contract to do an act which, after the contract is made, becomes impossible, or, by reason of some event which the promisor could not prevent, unlawful, becomes void when the act becomes impossible or unlawful. Compensation for loss through non-performance of act known to be impossible or unlawful.

Detailed explanation-5: -Section 32 deals with a contingent contract, which is dependent on the fulfilment of a condition for its survival. A contingent contract will dissolve under its own force if the condition is not satisfied, whereas, section 56 is attracted when a contract becomes impossible to perform because of an outside force.