 |  Indian Contract Act 1872, Meaning, Provisions And Remedies In Case Of Breach Of Contract 40 Flashcards |  Start |
 | The Indian Contract Act of 1872 primarily governs ___ and ___. |  Card: 1 / 40 |
| Contracts and agreements | Card: 2 / 40 |
| True or False: A contract is considered valid if it does not create a legal relationship between the parties. | Card: 3 / 40 |
| False. A contract must create a legal relationship to be valid. | Card: 4 / 40 |
| Fill in the blank: For a contract to be valid, the parties must have ___ consent. | Card: 5 / 40 |
| Free | Card: 6 / 40 |
| What is the significance of 'capacity of parties' in the Indian Contract Act? | Card: 7 / 40 |
| It ensures that individuals entering into a contract are of legal age, sound mind, and not disqualified by law. | Card: 8 / 40 |
| True or False: Consideration in a contract can be unlawful and still form a valid agreement. | Card: 9 / 40 |
| False. Consideration must be lawful for a contract to be valid. | Card: 10 / 40 |
| Fill in the blank: The Indian Contract Act allows parties to seek ___ in case of a breach of contract. | Card: 11 / 40 |
| Damages | Card: 12 / 40 |
| Explain what is meant by 'intention to create legal relations' in the context of contract law. | Card: 13 / 40 |
| It means that both parties must intend for their agreement to have legal consequences and be enforceable. | Card: 14 / 40 |
| What types of consideration are recognized under the Indian Contract Act? | Card: 15 / 40 |
| Consideration can be past, present, or future. | Card: 16 / 40 |
| True or False: A contract with a minor is valid under the Indian Contract Act. | Card: 17 / 40 |
| False. A contract with a minor is void ab initio. | Card: 18 / 40 |
| Fill in the blank: The term 'coercion' in contract law refers to ___ that induces a party to enter into a contract. | Card: 19 / 40 |
| Force or threats | Card: 20 / 40 |
|  Unlock all Flashcards with EduRev Infinity Plan Starting from @ ₹99 only | |
| What remedies are available under the Indian Contract Act for breach of contract? | Card: 21 / 40 |
| Remedies include damages, injunction, arbitration, specific performance, and rescission. | Card: 22 / 40 |
| True or False: An agreement that lacks consideration is typically considered void. | Card: 23 / 40 |
| True. | Card: 24 / 40 |
| Fill in the blank: The communication of acceptance in a contract is complete when ___ is communicated to the offeror. | Card: 25 / 40 |
| The acceptance | Card: 26 / 40 |
| Discuss the role of 'free consent' in contract formation. | Card: 27 / 40 |
| Free consent means that the parties have agreed without coercion, undue influence, fraud, misrepresentation, or mistake. | Card: 28 / 40 |
| What does the term 'specific performance' imply in contract law? | Card: 29 / 40 |
| It refers to a court-ordered requirement for the breaching party to fulfill their contractual obligations. | Card: 30 / 40 |
| Fill in the blank: According to the Indian Contract Act, a promise can be ___ or ___ in nature. | Card: 31 / 40 |
| Express or implied | Card: 32 / 40 |
| True or False: The object of an agreement must be immoral or against public policy for the contract to be valid. | Card: 33 / 40 |
| False. The object must be lawful. | Card: 34 / 40 |
| What are the conditions under which a contract can be voidable? | Card: 35 / 40 |
| A contract can be voidable if consent is not freely given due to coercion, undue influence, fraud, or misrepresentation. | Card: 36 / 40 |
| Fill in the blank: The Indian Contract Act states that a contract must not be ___ to be enforceable. | Card: 37 / 40 |
| Expressly declared void | Card: 38 / 40 |
| The Indian Contract Act 1872 requires that an offer must be accepted in order to create a ___ and ___. | Card: 39 / 40 |
| Legal relationship and binding contract | Card: 40 / 40 |
| Completed! Keep practicing to master all of them. |  Restart |
