Indian Contract Act, 1872 Overview
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Questions and Answers

What is the main objective of the law of contract?

  • To bring definiteness in transactions (correct)
  • To be a complete and exhaustive code
  • To enforce obligations between parties
  • To create Jus in Rem

    • When did the law of contract come into force?

  • December 31, 1800
  • January 1, 1900
  • September 1, 1872 (correct)
  • September 1, 1850

    • What is NOT created by the law of contract?

  • Legal rights and obligations
  • Complete and exhaustive code
  • Jus in Personam
  • Jus in Rem (correct)

    • According to Salmond, what does a contract do?

    <p>Defines obligations between parties</p> Signup and view all the answers

    What are the two essential elements of an agreement according to the text?

    <p>Offer and acceptance</p> Signup and view all the answers

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