New SIDBI Grade A New Batch Starts on Nov 18

    Register

    Question

    When are all agreements considered contracts under the provisions of the Contract Act?

    A When they are made with the free consent of parties competent to contract, for a lawful consideration and object, and not declared void, but only if they are also in writing Correct Answer Incorrect Answer
    B When they are made by the free consent of parties competent to contract, even if the consideration or object is not lawful, as long as they are in writing Correct Answer Incorrect Answer
    C When they are made with the free consent of parties competent to contract, for a lawful consideration and object, and are not expressly declared void, regardless of their form Correct Answer Incorrect Answer
    D When they comply with the requirement for written form and witness presence, and meet all legal registration requirements, irrespective of consideration and object Correct Answer Incorrect Answer
    E When they are not made with the free consent of parties who are not competent to contract, for a unlawful consideration and object, and are expressly declared void Correct Answer Incorrect Answer

    Solution

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 Nothing herein contained shall affect any law in force in India and not hereby expressly repealed by which any contract is required to be made in writing or in the presence of witnesses, or any law relating to the registration of documents.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