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Examveda

The two main competing definitions of contract in the common law are:

A. "Contract is a promise or set of promises which the law will enforce" and "Contract is an agreement giving rise to obligations which are enforced or recognized by law"

B. "Contract is a civil obligation" and "Contract is a transaction supported by legal intention"

C. "Contract is a negotiation enforceable by law" and "Contract is a bundle of voluntary rights"

D. None of the above

Answer: Option A


This Question Belongs to Law >> Indian Contract Act

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