Find the odd one out with regard to Essentials of a Contract as prescribed by the Indian Contract Act, 1872.
A. Offer and Acceptance
B. Free Consent
C. Competent Parties
D. Objects is beyond lawful considerations
E. Certainty and possibility of performance
Answer: Option D
Related Questions on Miscellaneous in Commerce
A. Expenditure for the business
B. Cost for the business
C. Gain for the business
D. None of the above
Which of these items would be accounted for as an expense?
A. Repayment of bank loan
B. Dividend to stock holders
C. The purchase of land
D. Payment of current period rent
Debit the receiver credit the giver rule for:
A. Real a/c
B. Personal a/c
C. Nominal a/c
D. None of these

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