Exam 1: Understanding the Indian Contract Act and Essential Elements of Contracts

A positive assertion, in a manner not warranted by the information of the person making it, of that which is not true, though he believes it to be true is said to be a:

Which of the following is not an essential element of a valid contract:

A minor can:

Under the Contract Act, 1872 a person is said to be of sound mind for the purpose of making a contract if:

The Indian Contract Act, 1872 applies to the

A contract is made where

Which of the following statement is true

If a contract provides for the payment of a certain amount on breach of a contract, such payment is termed as:

When an offer can be accepted only by the person to whom it is made, it is called-

Two or more persons are said to consent when they agree upon

A jus in personam means a right against

Which of these is a wagering contract?

General offer can be accepted by

Which of the following case is not covered by the concept of supervening impossibility?

Contract with minor is

A void agreement is one which is

Agreement caused by a bilateral mistake of fact is-

A contract for the benefit of a minor entered into by his manager is

A contract entered into between the parties by words is called-

In case of void agreements, collateral transactions are