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Questions and Answers
Which of the following is a key feature of a valid contract under the Indian Contract Act?
In the context of contracts, what does 'voidable' mean under the Indian Contract Act?
What is the maximum number of persons between whom a contract can be made under the Indian Contract Act?
Study Notes
Key Features of a Valid Contract
- A valid contract under the Indian Contract Act must have certain key features, including free consent, lawful consideration, capacity, and lawful object.
Voidable Contracts
- A contract is said to be 'voidable' when it is valid but can be rejected by one or both parties at their option.
Parties to a Contract
- There is no maximum limit on the number of persons between whom a contract can be made under the Indian Contract Act.
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Description
Test your knowledge of key features of valid contracts, the concept of 'voidable', and the maximum number of persons involved in a contract under the Indian Contract Act.
