Business law

Indian contract Act

• A. 1870

• B. 1873

• C.1872

• D.None of the above

Indian contract Act came in to force with effective from

• A. 25th April, 1872

• B. 25th August ,1873

• C. 1st January, 1872

• D. 1st September,1872

Choose the correct statement

• A. All contracts are agreements

• B. All agreements become contracts

• C. All contracts are valid

• D.None of the above

Unenforceable Agreements are

• A. Void Agreement

• B. Social Agreements

• C. Void Agreement

• D. All of the above

Find out Few Essential elements of valid contract

• A. Competency of parties

• B. Free consent

• C.Intention to create legal relationship

• D. All of the above

• E. None of the above

Offer + Acceptance

• A. Contract

• B. Agreement

• C. Promise

• D. Consideration

An agreement which is enforceable by law is

• A.Contract

• B. Valid agreement

• C. Void Agreement

• D. Voidable contract

Consideration Means " QUID PRO QUO" i,e

• A. Something in return

• B. Something not to be returned

• C. Object

• D.None of the above

Section 10 of Indian Contract Act,1872 Contains

Answer explanation

It contains essential elements of a Valid contract

Illegal agreements are

• A. valid contract

• B. Void contracts

• C. Void Agreements

• D. Valid agreements