Definition of Contract

Key Concepts of Indian Contract Act

Flashcard
•
Other
•
12th Grade
•
Easy
Ms. BBA
Used 1+ times
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10 questions
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1.
FLASHCARD QUESTION
Front
Back
Agreement enforceable by law
2.
FLASHCARD QUESTION
Front
Essentials of a Valid Contract
Back
Offer, Acceptance, Consideration, Capacity, Legality
3.
FLASHCARD QUESTION
Front
Offer
Back
Proposal by one party to another
4.
FLASHCARD QUESTION
Front
Acceptance
Back
Assent to the offer
5.
FLASHCARD QUESTION
Front
Consideration
Back
Something of value exchanged
6.
FLASHCARD QUESTION
Front
Capacity to Contract
Back
Legal ability to enter a contract
7.
FLASHCARD QUESTION
Front
Free Consent
Back
Consent not caused by coercion, undue influence, fraud, misrepresentation, or mistake
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