Indian Contract Act Quiz
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Questions and Answers

What is the act of one person signifying willingness to do or abstain from doing anything with a view to obtaining the assent of another called?

  • Acceptance
  • Consideration
  • Proposal (correct)
  • Revocation
  • In the Indian contract act, what is the term used for the assent of the person to whom the proposal is made?

  • Counter-offer
  • Performance
  • Acceptance (correct)
  • Void contract
  • What is the term used in the Indian contract act for the act of withdrawing the proposal before it is accepted?

  • Revocation (correct)
  • Voidable contract
  • Rejection
  • Consideration
  • What is the act of one person signifying willingness to do or abstain from doing anything with a view to obtaining the assent of another called?

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

    What term is used in the Indian contract act for the assent of the person to whom the proposal is made?

    <p>Consent</p> Signup and view all the answers

    What is the term used in the Indian contract act for the act of withdrawing the proposal before it is accepted?

    <p>Revocation</p> Signup and view all the answers

    Study Notes

    Contract Essentials

    • An offer is the act of one person signifying willingness to do or abstain from doing anything with a view to obtaining the assent of another.
    • Acceptance is the term used in the Indian Contract Act for the assent of the person to whom the proposal is made.
    • Revocation is the term used in the Indian Contract Act for the act of withdrawing the proposal before it is accepted.

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    Description

    Test your knowledge of the Indian Contract Act with this quiz on Section 2(a) about the definition of a proposal. Assess your understanding of the legal concept and its application in contractual agreements.

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