Question
Under Section 2(b) of the Indian Contract Act, 1872, an
"agreement" is defined as:Solution
Section 2(b) defines "agreement" as "every promise and every set of promises, forming the consideration for each other." A proposal when accepted becomes an agreement (Sections 2(a) and 2(b) read together). An agreement need not be written (it can be oral) and may exist without consideration in certain cases as per Section 25. [Citation: Sections 2(a)-2(b), Indian Contract Act, 1872]
More Other Laws and Acts Questions
- Which letter-cluster will replace the question mark (?) in the following series?
RGV, UME, ?, AYW, DEF - A series is given with one term missing. Choose the correct alternatives from the given ones that will complete the series.
57, 59, 56, 61, 54, ___ - Select the number from among the given options that can replace the question mark (?) in the following series.
17, 18, 22, 31, 47, ___ - Which letter and number cluster will replace the question mark (?) to complete the given series?
LT6, KU12, IW24, FZ48, ____ - Which letter-cluster will replace the question mark (?) in the following series?
NPQR, OORQ, PNSP, ____, RLUN
Relevant for Exams:
