Contract Law: Family Agreements

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What is the consequence of signing a document without reading its clauses, terms, or conditions?

The signatory is bound by the terms (correct)

The signatory is only partially bound by the terms

The signatory can renegotiate the terms

The signatory is not bound by the terms

What happens when the offeree does not accept all the terms and conditions stipulated by the offeror?

There cannot be a valid acceptance (correct)

The acceptance is considered absolute and unqualified

The acceptance is considered valid

The offeror must renegotiate the terms

What type of offers are made by X and B to each other?

Unconditional offers

Cross-offers (correct)

Parallel offers

Conditional offers

What is the liberty of an offeror while making an offer?

To state their own terms and conditions (B) Signup and view all the answers

What is the requirement for converting a proposal into a promise, according to Section 7 of the Indian Contract Act, 1872?

The acceptance must be absolute and unqualified (B) Signup and view all the answers

What happens if the proposal prescribes a manner in which it is to be accepted, and the acceptance is not made in that manner?

The proposer can insist that the proposal be accepted in the prescribed manner (C) Signup and view all the answers

What is the reason why courts do not enforce contracts related to the social aspect of marriage?

As a matter of public policy, courts cannot resolve disputes between spouses (B) Signup and view all the answers

What is the condition that must be met for an agreement to be considered a contract?

The agreement must give rise to a legal obligation (C) Signup and view all the answers

In Balfour v. Balfour, what was the outcome of the case?

The court did not enforce the agreement between the spouses (D) Signup and view all the answers

What type of agreements can be enforced by courts?

Agreements between spouses related to business relationships (C) Signup and view all the answers

What is an obligation in the context of contract law?

A legal duty to do or abstain from doing something (B) Signup and view all the answers

What is the purpose of the concept of legal obligation in contract law?

To determine if an agreement is enforceable by law (D) Signup and view all the answers

What is the main difference between an agreement and a contract?

An agreement is a promise, while a contract is an enforceable promise by law (A) Signup and view all the answers

What is required for an agreement to be constituted?

An offer by one party and its acceptance by other party (D) Signup and view all the answers

In the case of McGregor v.McGregor (1988), what was the outcome of the agreement?

The agreement was held to be a binding contract (C) Signup and view all the answers

What is the main requirement for a legally binding contract in family or social matters?

The parties must intend legal consequence to follow (C) Signup and view all the answers

What is the main characteristic of a contract?

It is an agreement enforceable by law (C) Signup and view all the answers

What is the definition of an agreement under Section 2(e)?

A set of promises forming the consideration for each other (D) Signup and view all the answers