All Courses
Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity Get the App Login Join for Free
Sign in Open App
CLAT Exam  >  CLAT Questions  >  A Contract is an agreement between two or mor... Start Learning for Free
SaveJoin the Discussion on the App
'A Contract is an agreement between two or more persons which is intended to be enforceable at law and is contracted by the acceptance by one party of an offer made to him by the other party to do or abstain from doing some act.' - Whose statement is this?
  • a)
    Pollock
  • b)
    Phipson
  • c)
    Halsbury
  • d)
    Salmond
Correct answer is option 'C'. Can you explain this answer?
FREE This question is part of
Download PDF Attempt Test
Download PDF Attempt this Test
Most Upvoted Answer
A Contract is an agreement between two or more persons which is intend...
Explanation:
Lord Halsbury's Statement:
- The statement provided in the question is attributed to Lord Halsbury, a renowned legal scholar.
- According to Lord Halsbury, a contract is an agreement between two or more persons that is intended to be enforceable by law.
- The contract is formed when one party accepts an offer made by another party, agreeing to do or abstain from doing a certain act.
Explanation of Contract:
- A contract is a legally binding agreement that creates rights and obligations between the parties involved.
- It is essential for a contract to have an offer, acceptance, consideration, intention to create legal relations, capacity, and legality of purpose.
- Once all these elements are present, the contract becomes valid and enforceable in a court of law.
Role of Offer and Acceptance:
- The offer is a proposal made by one party to another, indicating a willingness to enter into a contract under certain terms.
- Acceptance occurs when the offeree agrees to the terms of the offer, creating a mutual agreement between the parties.
Enforceability of Contracts:
- Contracts are enforceable through legal remedies such as damages, specific performance, or injunctions.
- The court can intervene to ensure that the parties fulfill their obligations as outlined in the contract.
Conclusion:
- Understanding the basic principles of contract law, such as offer, acceptance, and enforceability, is crucial for individuals and businesses entering into agreements. Lord Halsbury's statement highlights the importance of these fundamental concepts in contract formation.
Free Test
FREE
Start Free Test
Start Free Test
Community Answer
A Contract is an agreement between two or more persons which is intend...
A Contract is an agreement between two or more persons which is intended to be enforceable at law and is contracted by the acceptance by one party of an offer made to him by the other party to do or abstain from doing some act is Halsbury statement.
Attention CLAT Students!
To make sure you are not studying endlessly, EduRev has designed CLAT study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CLAT.
< Previous Question Next Question >
Explore Courses for CLAT exam

Similar CLAT Doubts

The law of contract lays down the legal rules relating to promises: their formation, their performance, and their enforceability. Explaining the object of contract, Sir William Anson observes: “The law of contract is intended to ensure that what a man has led to expect shall come to pass; that what has been promised to him shall be performed.”The law relating to contract defines it as ‘An agreement which is enforceable by law is a Contract’. An agreement is a promise and a promise is an accepted proposal. Thus every agreement is made up of a proposal or offer from one side and its acceptance by the other.There must be a lawful offer and acceptance for the formation of an agreement. The adjective ‘lawful’ implies that the offer and acceptance must satisfy the requirements of the contract act in relation thereto.Another important essential of a contract is Intention to create a legal relationship. There must be a clear intention among the parties that the agreement should be attached by legal consequences and create a legal obligation. Lawful Consideration and competent parties are other important essential ingredients of contract.Free consent is one of the most important essential ingredients of a contract. Section 14 of the Act defined the term free consent as follows- “consent is said to be free when it is not caused by coercion, undue influence, fraud, misrepresentation or mistake.Contracts play a very important role in the day-to-day life of every person. Contracts or agreements between various parties are framed and validate by the Contract Act. So for the formation of a contract, the above-given conditions must be fulfilled by the parties.Q. Keeping silence as to facts which can affect the will of a contracting party is not fraud unless it is the duty of the person to speak the facts in the given circumstances. A and B are traders in food grains. B wants to buy a thousand tonnes of wheat from A. A has private information that the prices of wheat will fall heavily next week. He did not tell this to B because he fears B will not enter into the agreement.After making the purchase, B suffers a huge loss the next week, and he comes to know that A, despite knowing the facts of the market, sold him such a huge quantity of wheat. He files a suit against A alleging fraud on his part and prayed to the court that the contract be declared voidable at his option. Decide.

Passage - 2The law of contract lays down the legal rules relating to promises: their formation, their performance, and their enforceability. Explaining the object of contract, Sir William Anson observes: “The law of contract is intended to ensure that what a man has led to expect shall come to pass; that what has been promised to him shall be performed.”The law relating to contract defines it as ‘An agreement which is enforceable by law is a Contract’. An agreement is a promise and a promise is an accepted proposal. Thus every agreement is made up of a proposal or offer from one side and its acceptance by the other. There must be a lawful offer and acceptance for the formation of an agreement. The adjective ‘lawful’ implies that the offer and acceptance must satisfy the requirements of the contract act in relation thereto.Another important essential of a contract is Intention to create a legal relationship. There must be a clear intention among the parties that the agreement should be attached by legal consequences and create a legal obligation. Lawful Consideration and competent parties are other important essential ingredients of contract.Free consent is one of the most important essential ingredients of a contract. Section 14 of the Act defined the term free consent as follows- “consent is said to be free when it is not caused by coercion, undue influence, fraud, misrepresentation or mistake.Contracts play a very important role in the day-to-day life of every person. Contracts or agreements between various parties are framed and validate by the Contract Act. So for the formation of a contract, the above-given conditions must be fulfilled by the parties.Q.Keeping silence as to facts which can affect the will of a contracting party is not fraud unless it is the duty of the person to speak the facts in the given circumstances. A and B are traders in food grains. B wants to buy a thousand tonnes of wheat from A. A has private information that the prices of wheat will fall heavily next week. He did not tell this to B because he fears B will not enter into the agreement. After making the purchase, B suffers a huge loss the next week, and he comes to know that A, despite knowing the facts of the market, sold him such a huge quantity of wheat. He files a suit against A alleging fraud on his part and prayed to the court that the contract be declared voidable at his option. Decide.

The law of contract lays down the legal rules relating to promises: their formation, their performance, and their enforceability. Explaining the object of contract, Sir William Anson observes: “The law of contract is intended to ensure that what a man has led to expect shall come to pass; that what has been promised to him shall be performed.”The law relating to contract defines it as ‘An agreement which is enforceable by law is a Contract’. An agreement is a promise and a promise is an accepted proposal. Thus every agreement is made up of a proposal or offer from one side and its acceptance by the other.There must be a lawful offer and acceptance for the formation of an agreement. The adjective ‘lawful’ implies that the offer and acceptance must satisfy the requirements of the contract act in relation thereto.Another important essential of a contract is Intention to create a legal relationship. There must be a clear intention among the parties that the agreement should be attached by legal consequences and create a legal obligation. Lawful Consideration and competent parties are other important essential ingredients of contract.Free consent is one of the most important essential ingredients of a contract. Section 14 of the Act defined the term free consent as follows- “consent is said to be free when it is not caused by coercion, undue influence, fraud, misrepresentation or mistake.Contracts play a very important role in the day-to-day life of every person. Contracts or agreements between various parties are framed and validate by the Contract Act. So for the formation of a contract, the above-given conditions must be fulfilled by the parties.Q. Where both parties to an agreement are under a mistake as to a matter of fact essential to the agreement, the agreement is void. In the month of June, 2006 Pak Cotton Mills of Lahore asked its supplier Surat Cotton Company to “send 100 Quintals on the Peerless.” Surat Cotton Company replied – “Consignment would be sent by Peerless.” The consignment was sent in September, but as the Cotton Mills was expecting the consignment in July itself, it suffered genuine losses. It was found that there were two ships named Peerless sailing from Surat, one in July and the other in September. Pak Cotton Mills claims compensation for its losses due to delayed delivery from Surat Cotton Company. Will it succeed?

Passage - 2The law of contract lays down the legal rules relating to promises: their formation, their performance, and their enforceability. Explaining the object of contract, Sir William Anson observes: “The law of contract is intended to ensure that what a man has led to expect shall come to pass; that what has been promised to him shall be performed.”The law relating to contract defines it as ‘An agreement which is enforceable by law is a Contract’. An agreement is a promise and a promise is an accepted proposal. Thus every agreement is made up of a proposal or offer from one side and its acceptance by the other. There must be a lawful offer and acceptance for the formation of an agreement. The adjective ‘lawful’ implies that the offer and acceptance must satisfy the requirements of the contract act in relation thereto.Another important essential of a contract is Intention to create a legal relationship. There must be a clear intention among the parties that the agreement should be attached by legal consequences and create a legal obligation. Lawful Consideration and competent parties are other important essential ingredients of contract.Free consent is one of the most important essential ingredients of a contract. Section 14 of the Act defined the term free consent as follows- “consent is said to be free when it is not caused by coercion, undue influence, fraud, misrepresentation or mistake.Contracts play a very important role in the day-to-day life of every person. Contracts or agreements between various parties are framed and validate by the Contract Act. So for the formation of a contract, the above-given conditions must be fulfilled by the parties.Q.Where both parties to an agreement are under a mistake as to a matter of fact essential to the agreement, the agreement is void. In the month of June, 2006 Pak Cotton Mills of Lahore asked its supplier Surat Cotton Company to “send 100 Quintals on the Peerless.” Surat Cotton Company replied - “Consignment would be sent by Peerless.” The consignment was sent in September, but as the Cotton Mills was expecting the consignment in July itself, it suffered genuine losses. It was found that there were two ships named Peerless sailing from Surat, one in July and the other in September. Pak Cotton Mills claims compensation for its losses due to delayed delivery from Surat Cotton Company. Will it succeed?

Top Courses for CLATView all

Top Courses for CLAT

A Contract is an agreement between two or more persons which is intended to be enforceable at law and is contracted by the acceptance by one party of an offer made to him by the other party to do or abstain from doing some act. - Whose statement is this?a)Pollockb)Phipsonc)Halsburyd)SalmondCorrect answer is option 'C'. Can you explain this answer?
Question Description
A Contract is an agreement between two or more persons which is intended to be enforceable at law and is contracted by the acceptance by one party of an offer made to him by the other party to do or abstain from doing some act. - Whose statement is this?a)Pollockb)Phipsonc)Halsburyd)SalmondCorrect answer is option 'C'. Can you explain this answer? for CLAT 2024 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about A Contract is an agreement between two or more persons which is intended to be enforceable at law and is contracted by the acceptance by one party of an offer made to him by the other party to do or abstain from doing some act. - Whose statement is this?a)Pollockb)Phipsonc)Halsburyd)SalmondCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CLAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A Contract is an agreement between two or more persons which is intended to be enforceable at law and is contracted by the acceptance by one party of an offer made to him by the other party to do or abstain from doing some act. - Whose statement is this?a)Pollockb)Phipsonc)Halsburyd)SalmondCorrect answer is option 'C'. Can you explain this answer?.
Solutions for A Contract is an agreement between two or more persons which is intended to be enforceable at law and is contracted by the acceptance by one party of an offer made to him by the other party to do or abstain from doing some act. - Whose statement is this?a)Pollockb)Phipsonc)Halsburyd)SalmondCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.
Here you can find the meaning of A Contract is an agreement between two or more persons which is intended to be enforceable at law and is contracted by the acceptance by one party of an offer made to him by the other party to do or abstain from doing some act. - Whose statement is this?a)Pollockb)Phipsonc)Halsburyd)SalmondCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A Contract is an agreement between two or more persons which is intended to be enforceable at law and is contracted by the acceptance by one party of an offer made to him by the other party to do or abstain from doing some act. - Whose statement is this?a)Pollockb)Phipsonc)Halsburyd)SalmondCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for A Contract is an agreement between two or more persons which is intended to be enforceable at law and is contracted by the acceptance by one party of an offer made to him by the other party to do or abstain from doing some act. - Whose statement is this?a)Pollockb)Phipsonc)Halsburyd)SalmondCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of A Contract is an agreement between two or more persons which is intended to be enforceable at law and is contracted by the acceptance by one party of an offer made to him by the other party to do or abstain from doing some act. - Whose statement is this?a)Pollockb)Phipsonc)Halsburyd)SalmondCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A Contract is an agreement between two or more persons which is intended to be enforceable at law and is contracted by the acceptance by one party of an offer made to him by the other party to do or abstain from doing some act. - Whose statement is this?a)Pollockb)Phipsonc)Halsburyd)SalmondCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CLAT tests.
Explore Courses for CLAT exam

Top Courses for CLAT

Explore Courses

Suggested Free Tests

Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Get App
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup