Indian Contract Act - Study Mode

[#1251] Following is/are essentialt(s) of valid contract as per Indian Contract Act, 1872. (1) Parties to contract should have capacity to contract. (2) Parties to contract should have legal mind. (3) Parties to contract should be intelligent. (4) Invitation to offer should be accepted. Find correct answer:
Correct Answer

(B) Only (1) is correct

[#1252] Hadley v. Baxendale, (1854) 9 Exch 34 deals with:
Correct Answer

(A) Remoteness of damages

[#1253] "Coercion" under Indian Law is also known as
Correct Answer

(A) Duress

[#1254] Which of the following is an exception to the rule or doctrine of privity of contract that a stranger to a contract cannot sue?
Correct Answer

(A) Family settlement

[#1255] A finder of goods is
Correct Answer

(B) Can retain the goods so long as the specific reward is not given by the owner