Which one of the following is necessary for a contract?
A. Offer
B. Immovable Property
C. Movable Property
D. None of the above
Answer: Option A
Solution (By Examveda Team)
A contract is formed when there is a legally enforceable agreement between two or more parties.One of the essential elements of a valid contract is an offer, which must be made by one party and accepted by the other.
Without an offer, there can be no acceptance, and therefore, no valid contract.
Movable or immovable property is not a mandatory requirement for a contract, as contracts can be formed for various purposes, including services and agreements.
Hence, the correct answer is Offer (Option A).
This Question Belongs to Law >> Indian Contract Act
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Comments (1)
Indian Contract Act:- Gods displayed in showcase of a shop with price tag is -
A. Invitation to offer
B. Counteroffer
C. Communication
D. None of these
A. Is available to Y's representatives alone
B. Is available to Z alone
C. Is available to Y's representatives & Z both
D. Is available to Y's representatives & after the death of Z, his representatives
Moses v. Macferlan (1555-1774) is a case relating to
A. Theory of unjust enrichment
B. The right of lien
C. Test of agency
D. Doctrine of frustration
A. The active concealment of a fact by one having knowledge or belief of the fact
B. A promise made without any intention of performing it
C. The suggestion, as a fact, of that which is true, by one who does believe it to be true
D. None above
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