The Indian Contract Act, 1872 Most Imp MCQs

when one person→ signifies to →another his willingness to do/to abstain from →doing anything, he is said to make a offer.

“An agreement ↓ not enforceable by law ↓ is said to be void.

“Void agreement→ not enforceable by law →Accorrding to section 2(g) of Indian Contract act.

First step of contract is proposal or offer. Then another party accept the offer it’s become a promise Then promise has consideration then its become an agreement An Agreement which in enforceable by law that is Valid Contract.

Sec. 2(c)t→  the person making→ the proposal→ is called→ the promiser

(according to the section 2(f) of ICA ,1872, → 'Promises which form →the consideration or part of the consideration →for each other are called →reciprocal promises.'

For Option (A) According to Section 2(B) →of the Indian Contract Act, 1872, →when the person to whom →the proposal is made signifies →his assent →the proposal → to be accepted. A proposal→ accepted→ becomes a promise. For Option (B), section 2(e), defines an agreements as→ "every promise→ every set of promise→, forming the consideration →for each other→ an agreement." A promise→ essentially→ an offer/a proposal→ made by→ a person/an entity→ towards another For Option (C)The Indian Contract Act, 1872→ defines the term →“Contract” under →its section 2 (h) as→ “An agreement→ enforceable→ by law”.

agreement (according to the section 2(e) of ICA ,1872 'Every promise and every set of promises, forming the consideration for each other, is an agreement.'

(according to section 2(h) of ICA 1872 'an agreement enforceable by law is a contract.'

the person→ accepting→ the proposal→ called→ promisee