📝 One-liners · 66 cards
Meaning and Essentials of Contract, Contract of Guarantee & Bailment
What is the legal definition of a 'contract' under the Indian Contract Act, 1872?
A contract is an agreement enforceable by law, formed between two or more parties with free consent, lawful consideration, and a lawful object.
What is an 'illegal agreement' under the Indian Contract Act, 1872?
An agreement forbidden by law or against public policy.
Which section of the Indian Contract Act, 1872 defines an 'agreement'?
Section 2(e) defines an agreement as 'every promise and every set of promises forming the consideration for each other.'
What is a 'quasi-contract' under the Indian Contract Act?
A legal obligation imposed by law without a real agreement.
🔒
Unlock 66 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for Meaning and Essentials of Contract, Contract of Guarantee & Bailment.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days