New SIDBI Grade A New Batch Starts on Nov 18

    Register

    Question

    All agreements are not contract if it is_______.

    A Expressly declared to be void Correct Answer Incorrect Answer
    B Made by the free consent of parties Correct Answer Incorrect Answer
    C Made by the parties competent to contract Correct Answer Incorrect Answer
    D Made for lawful consideration and with a lawful object Correct Answer Incorrect Answer

    Solution

    Contact 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 Nothing herein contained shall affect any law in force in India and not hereby expressly repealed by which any contract is required to be made in writing or in the presence of witnesses, or any law relating to the registration of documents.

    Practice Next