Indian Contract Act - Study Mode

[#376] Contract cannot be said to be void on ground of
Correct Answer

(D) Neither A nor B

[#377] In case the promisee prescribes the manner and time of performance of promise
Correct Answer

(A) The performance must be in the manner and at the time prescribed

[#378] An agreement in restraint of trade is:
Correct Answer

(C) Void to the extent of such restrain

[#379] Match the following: a. Mc Gregor v. Mc Gregor 1. General Proposal b. Weeks v. Tybald 2. Intention to contract c. Henderson v. Stevenson 3. Consideration d. Currie v. Misa 4. Reasonable notice
Correct Answer

(B) a-2, b-1, c-4, d-3

[#380] Which one of the following is necessary for a contract?
Correct Answer

(A) Offer

Explanation

Solution: A contract is formed when there is a legally enforceable agreement between two or more parties. One of the essential elements of a valid contract is an offer , which must be made by one party and accepted by the other. Without an offer , there can be no acceptance, and therefore, no valid contract. Movable or immovable property is not a mandatory requirement for a contract, as contracts can be formed for various purposes, including services and agreements. Hence, the correct answer is Offer (Option A).