Indian contract act 1982

The law of contract in India is contained in

• Indian Contract Act 1871

• Indian Contract Act 1872

• Indian Contract Act 1873

• Indian Contract Act 1874

Indian contract act is based on

• The Hiss act

• The Mann act

• English common law

• Consumer Protection Act

Contract= agreement+ __________

Indian Contract Act is applicable in

• Whole of India

• Jammu and Kashmir

• In union territories

• Whole of India except Jammu and Kashmir

An agreement not enforceable by law is

• Valid Agreement

• Void Agreement

• Voidable Agreement

• Illegal Agreement

A contract without consideration is

An agreement between two parties that creates an obligation is a(n)

• Contract

• Tort

• Offer

• Purpose

Which of the following is not an essential element of a valid contract?

• Offer and acceptance

• Free consent and consideration

• Lawful object

• Performance

Identical offers made by two parties to each other, in ignorance of each other’s offer are known as

• Counter offer

• Cross-offers

• Standing offer

• None of the above

Goods displayed in a shop with a price tag is an ______

• Offer

• Invitation to an offer

• counter offer

• none of these