Solve any 8 multiple choice questions related to the Indian Contract Act.
Understand the Problem
The question is asking about multiple choice queries related to the Indian Contract Act, specifically covering various concepts of agreements, contracts, and legal implications in a commerce context.
Answer
1. Contract 2. Agreement 3. Reciprocal promises 4. Not enforceable by law
- An agreement enforceable at law is a contract.
- Every promise and every set of promises, forming the consideration for each other, is an agreement.
- Promises which form the consideration or part of the consideration for each other are called reciprocal promises.
- Void agreement signifies an agreement not enforceable by law.
Answer for screen readers
- An agreement enforceable at law is a contract.
- Every promise and every set of promises, forming the consideration for each other, is an agreement.
- Promises which form the consideration or part of the consideration for each other are called reciprocal promises.
- Void agreement signifies an agreement not enforceable by law.
More Information
These answers highlight the procedural and definitional aspects of the Indian Contract Act, emphasizing enforceability and agreement formation.
Tips
A common mistake is confusing 'agreement' with 'contract'. A contract is a specific type of enforceable agreement.
Sources
- MCQs on The Indian Contract Act, 1872 Part 1 - India Expert - indiaexpert.in
- Objective Question Answer for Indian Contract Act, 1872 Quiz - testbook.com
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