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The juristic concept of contract consists of:
- a)Agreement & Obligation
- b)Free Consent & Capacity
- c)Offer and Acceptance
- d)Consideration & Coercion
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
The juristic concept of contract consists of:a)Agreement & Obligat...
According to Section 10, of the Indian Contract Act, 1872, the juristic concept of contract consists of in proper offer and acceptance. There must be atleast two parties one making offer and the other accepting it, such offer and acceptance must be valid. An offer to be valid must fulfill certain conditions, such as it must intend to create legal relations, its terms must be certain and unambiuous, it must be communicated to the person to whom it is made, etc. An acceptance to be valid must fulfill certain conditions, such as it must be absolute and unqualified, it must be made in the prescribed manner, it must be communicated by an authorised person before the offer to lapses.
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The juristic concept of contract consists of:a)Agreement & Obligat...
offer and acceptance is a juristic concept
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The juristic concept of contract consists of:a)Agreement & Obligat...
The juristic concept of contract comprises two constituent elements—'obligation' and 'agreement'. Obligation means a legal tie, which imposes upon a determinate person or persons, the necessity of doing, or abstaining from doing, a definite act or acts.
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The juristic concept of contract consists of:a)Agreement & Obligationb)Free Consent & Capacityc)Offer and Acceptanced)Consideration & CoercionCorrect answer is option 'C'. Can you explain this answer?
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The juristic concept of contract consists of:a)Agreement & Obligationb)Free Consent & Capacityc)Offer and Acceptanced)Consideration & CoercionCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The juristic concept of contract consists of:a)Agreement & Obligationb)Free Consent & Capacityc)Offer and Acceptanced)Consideration & CoercionCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The juristic concept of contract consists of:a)Agreement & Obligationb)Free Consent & Capacityc)Offer and Acceptanced)Consideration & CoercionCorrect answer is option 'C'. Can you explain this answer?.
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