This article contains Study Materials on the Law of Contracts for CLAT and other law entrance exams and is helpful for CLAT aspirants. A void contract is a contract that is void from the very beginning whereas a voidable contract is not void from the very beginning.This document provides an overview of contract law in India according to the Indian Contract Act of 1872. We've selected the top 20 passages that shows the types of CLAT legal reasoning questions you will encounter in the exam. Download Legal Reasoning Questions For CLAT 2025 PDFs. Here is a brief overview of the Law of Contracts to help you ace CLAT 2024! Each maxim opens a door to a fundamental legal concept, essential for your success in the CLAT 2024 exam and your legal career. Click here for Contract Law Notes on competency of parties, types of contracts, valid, void and voidable agreements and elements of contract. B) The parties can invoke the Material Adverse Change Clause. C) In absence of such clauses in the Contract, the Courts may resort to the applicable law, i.e.