offer and acceptation MCQ question with case law MCQ question Here are some multiple-choice questions (MCQs) on offer and acceptance with relevant case law references from the Indian Contract Act: 1. Partial acceptance of offer results in: (a) counter offer (b) unqualified acceptance (c) binding contract (d) none of the above Answer: (a) counter offer [1] 2. A tender is: (a) an offer (b) invitation to an offer (c) acceptance of offer (d) none of the above Answer: (b) invitation to an offer [1] 3. The communication of acceptance through telephone is regarded as complete when: (a) Acceptance comes to the knowledge of the party proposing (b) Acceptance is put in the course of transmission (c) Acceptance is spoken on phone (d) Acceptor has done whatever is required to be done by him Answer: (a...
Posts
Capacity of Parties and Free Consent Indian contract act 1872
- Get link
- X
- Other Apps
Contractual Capacity of the Parties Introduction A foundational principle of contract law is that only certain individuals are legally competent to enter into a contract. Section 10 of the Indian Contract Act explicitly states that an agreement becomes a valid contract only if it is made by parties who are competent to contract. For an agreement to be legally enforceable, the parties involved must have the capacity to contract; otherwise, the agreement is void. This chapter, therefore, will delve into the concept of contractual capacity and identify the categories of individuals who possess this capacity. Meaning The ability of a person to give an agreement a legal basis is known as contractual capacity. Without this capacity, a contract is not legally binding. According to Section 10 of the Act, all agreements are contracts if they are made by parties who possess free consent, a lawful consideration, and a lawful object, and are not expressly declared void. It is clear, therefore, tha...