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Principles: 1) An agreement enforceable by law is a contract
2) In order for an agreement to be enforceable in a court of law, there must be a meeting of minds b/w both the parties
3) Parties to a contract should do something for the other party. The obligation to do something for the other party is mutual. This is called consideration and absence of consideration renders the contract unenforceable.
Q
A agrees to pay B Rs. 1000 if the two straight lines should enclose a space           
  • a)
    The agreement is void           
  • b)
    The agreement is not void           
  • c)
    Either a or b           
  • d)
    None of them
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Principles: 1) An agreement enforceable by law is a contract2) In orde...
This question is meant to test how well can you judge/deduce. Given that there should be mutual consideration i.e if A do something for B, then B should also do something for A. While in question there is no mention of B doing for A if the condition is not met. Hence the agreement is void.
Also minimum lines to form a close loop is 3.
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Principles: 1) An agreement enforceable by law is a contract2) In orde...
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Principles: 1) An agreement enforceable by law is a contract2) In order for an agreement to be enforceable in a court of law, there must be a meeting of minds b/w both the parties3) Parties to a contract should do something for the other party. The obligation to do something for the other party is mutual. This is called consideration and absence of consideration renders the contract unenforceable.QA agrees to pay B Rs. 1000 if the two straight lines should enclose a spacea)The agreement is voidb)The agreement is not voidc)Either a or bd)None of themCorrect answer is option 'A'. Can you explain this answer?
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Principles: 1) An agreement enforceable by law is a contract2) In order for an agreement to be enforceable in a court of law, there must be a meeting of minds b/w both the parties3) Parties to a contract should do something for the other party. The obligation to do something for the other party is mutual. This is called consideration and absence of consideration renders the contract unenforceable.QA agrees to pay B Rs. 1000 if the two straight lines should enclose a spacea)The agreement is voidb)The agreement is not voidc)Either a or bd)None of themCorrect answer is option 'A'. 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 Principles: 1) An agreement enforceable by law is a contract2) In order for an agreement to be enforceable in a court of law, there must be a meeting of minds b/w both the parties3) Parties to a contract should do something for the other party. The obligation to do something for the other party is mutual. This is called consideration and absence of consideration renders the contract unenforceable.QA agrees to pay B Rs. 1000 if the two straight lines should enclose a spacea)The agreement is voidb)The agreement is not voidc)Either a or bd)None of themCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CLAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Principles: 1) An agreement enforceable by law is a contract2) In order for an agreement to be enforceable in a court of law, there must be a meeting of minds b/w both the parties3) Parties to a contract should do something for the other party. The obligation to do something for the other party is mutual. This is called consideration and absence of consideration renders the contract unenforceable.QA agrees to pay B Rs. 1000 if the two straight lines should enclose a spacea)The agreement is voidb)The agreement is not voidc)Either a or bd)None of themCorrect answer is option 'A'. Can you explain this answer?.
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