Indian Contract Act 1872 Quiz

When an offer ends and can no longer be accepted.

The specified period for accepting an offer. If not given, it's a reasonable time.

The offer ends if one or more of the conditions in the offer for acceptance are not met.

An offer lapses if the offerer or offeree dies or becomes insane before acceptance.

The refusal of the offer by the recipient; an offer ends if rejected.

A new offer made in response to an earlier one, effectively rejecting the original offer.

The positive and agreeing reply by the offeree to a valid offer.

The withdrawal of an offer by the offerer, before it is accepted.

Agreement is valid if consideration is provided by someone other than the parties involved in the promise exchange. The person providing consideration does not need to be the direct recipient of the promise.

Consideration given before the promise is made. It does not support the promise's enforceability.

Consideration given at the same time as the promise is made.

Consideration given after the promise is made, with future action.

The law doesn't require consideration to be equivalent in value; parties decide the value.

Consideration must be something tangible, realistically possible, and legally attainable.

A promise that cannot be physically fulfilld

A promise that is against the law or beyond legal ability for performance

Something of value exchanged between parties to a contract; must be present for a contract to be valid.

A contract with no valid consideration is unenforceable by law.

A contract where the value of the exchange is unclear or cannot be determined.

A promise to do something already legally obligated to do is not valid consideration.

A contract with an illegal consideration is void and unenforceable.

An exception to the requirement of consideration; a gratuitous promise between close relatives can be enforceable if in writing and registered.

A contract must meet specific requirements to be legally binding, including offer, acceptance, consideration, and intention to create legal relations.

Agreements based on natural love and affection must be written, registered, and signed by both parties to be enforceable

A debt that is legally not recoverable after 3 years of remaining unpaid or unclaimed.

An appointment of a person as an agent, which is valid even without immediate consideration, but the agent typically gets paid via commission.

A gift that is legally effective even if no consideration is exchanged.

A contract where someone promises to contribute to charity, creating legal obligation for the promise only up to said amount.

Only contracting parties have rights and liabilities in a contract; outsiders cannot sue.

A person not involved in a contract, unable to enforce its terms.

Legal doctrine stating that contracts only bind the parties who made them, not others.

A law governing contracts in India.

If a party wrongfully refuses to perform their part of a contract, the other party is released from their obligations.

A contract that isn't performed within a reasonable time is discharged.

Parties can end a contract by agreement, through methods like novation, alteration, remission, rescission, accord and satisfaction, or waiver.

Replacing an old contract with a new one, ending responsibilities under the old.

Modifying the existing contract's terms to create a new agreement.

A contract discharge where one party accepts less than the agreed upon amount.

Cancellation of a contract due to a voidable reason (like misrepresentation, undue influence, or fraud).

A contract is discharged if its performance becomes impossible due to circumstances beyond the parties' control.

A contract is discharged when unforeseen events make performance impossible or pointless after it's formed.

A party's inability to fulfill contractual obligations due to physical or mental impairment.

A contract ends if the essential object—or purpose—of the contract is destroyed.

A contract can be discharged because of a war between the involved countries.

A change in the legal identity of a company involved in the contract ends the contract.

If a party is declared insolvent, the contract is discharged due to their inability to perform.

Death of a party involved in a contract ends that contract.

One party failing to fulfill their contractual duties.