Question

Which of the following conditions must be met for an agreement to be considered a contract?

Q: Answer-Which of the following conditions must be met for an agreement to be considered a contract?

Explanation Contract Act Section 10. What agreements are contracts All agreements are contracts if they are made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object, and are not hereby expressly declared to be void. Nothing herein contained shall affect any law in force in India and not hereby expressly repealed by which any contract is required to be made in writing or in the presence of witnesses, or any law relating to the registration of documents.

A The agreement must be made with the free consent of competent parties, for a lawful consideration and object, and must not be expressly declared void

B The agreement must be in writing and signed in the presence of witnesses to be valid

C The agreement must not involve any lawful consideration or object, but should only be made by competent parties

D The agreement must be declared void if it is not written and witnessed, irrespective of its content

E The agreement must comply with the laws requiring written contracts and registration, even if it meets the other conditions

Practice Next

More Law of Contracts Questions

Which of the following statements regarding a pawnee is correct?
As per Section 54 of the Indian Contract Act, 1872, what legal consequence arises when a promisor whose reciprocal promise is to be performed first fails t...
As per SC(R ) Act, contracts in derivative shall be legal and valid if such contracts are
Which of the following best describes a contingent contract?
Which of the following is true regarding a contract that comprises an affirmative agreement to do an act coupled with a negative agreement not to do an act...
Under Section 27 of the Indian Contract Act, 1872, which of the following transactions would NOT be rendered void as an agreement in restraint of trade?
A general lien as per section 171 of the Contract Act can be exercised by whom?
Which of the following is not a valid reason for the termination of an agency?
IndianOil invites tenders from suppliers for office stationery, and supplier SL files its quotation on the stated terms. In contract-law terms, the invitat...
Which of the following is NOT enumerated as a factor that vitiates "free consent" under Section 14of the Indian Contract Act, 1872?

Relevant for Exams:

UIIC AO
Uiic AO Legal

Hey! Ask a query

🎓

Think You're Ready for RBI Grade B?

RBI Grade B 2026 Phase 1 Memory Based Paper

200 Questions with Detailed Solutions
Section-wise Coverage (GA, English, Quant & Reasoning)

Download Now 100% Free PDF

Which of the following conditions must be met for an agreement to be considered a contract?

Detailed Solution

More Law of Contracts Questions

Relevant for Exams:

Hey! Ask a query

Please Register/Login

RBI Grade B 2026 Phase 1 Memory Based Paper