Indian Contract Act - Study Mode
[#1171] Consider the following statements and point out which of them is correct? 1. An Agreement made without consideration is void. 2. Consideration should have some value in the eyes of the law. 3. Consideration has to be adequate. Which of the statements given above is/are correct?
Correct Answer
(D) 1 and 2
[#1172] Lending money to a borrower at high rate of interest, when money market is tight, renders the agreement of loan
Correct Answer
(A) Valid
[#1173] Section 73 of the Act is based on which of the judicial pronouncement?
Correct Answer
(B) Hadley v. Baxendale
[#1174] Which of the following is correct? A contract
Correct Answer
(A) May be oral
[#1175] A notice in the newspapers inviting tenders is:
Correct Answer
(C) An invitation to proposal