Podcast
Questions and Answers
Which of the following is a key feature of a valid contract under the Indian Contract Act?
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?
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?
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.