CA Foundation Exam > CA Foundation Questions > The contracts in which law creates certain ri...
Start Learning for Free
The contracts in which law creates certain rights & obligations similar to those of a contract are :
- a)Contingent contract
- b)Constructive contract
- c)Wagering contract
- d)Quasi contract
Correct answer is option 'D'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
The contracts in which law creates certain rights & obligations si...
And obligations between parties are called legal contracts. Legal contracts can be written or verbal and are enforceable by law. These contracts can be categorized into the following types:
1. Express contract: An express contract is a contract in which the terms are explicitly stated in writing or verbally by the parties involved.
2. Implied contract: An implied contract is a contract in which the terms are not explicitly stated but are inferred from the conduct of the parties involved.
3. Unilateral contract: A unilateral contract is a contract in which only one party makes a promise in exchange for the performance of an act by the other party.
4. Bilateral contract: A bilateral contract is a contract in which both parties make promises to each other.
5. Executed contract: An executed contract is a contract in which all parties have fulfilled their obligations under the contract.
6. Executory contract: An executory contract is a contract in which one or more parties have yet to fulfill their obligations under the contract.
7. Void contract: A void contract is a contract that is not legally binding and has no legal effect.
8. Voidable contract: A voidable contract is a contract that can be legally canceled or voided by one of the parties involved.
9. Unenforceable contract: An unenforceable contract is a contract that cannot be enforced by law due to certain legal limitations or technicalities.
10. Adhesion contract: An adhesion contract is a contract in which one party has significantly more bargaining power than the other party, resulting in an unfair or one-sided agreement.
1. Express contract: An express contract is a contract in which the terms are explicitly stated in writing or verbally by the parties involved.
2. Implied contract: An implied contract is a contract in which the terms are not explicitly stated but are inferred from the conduct of the parties involved.
3. Unilateral contract: A unilateral contract is a contract in which only one party makes a promise in exchange for the performance of an act by the other party.
4. Bilateral contract: A bilateral contract is a contract in which both parties make promises to each other.
5. Executed contract: An executed contract is a contract in which all parties have fulfilled their obligations under the contract.
6. Executory contract: An executory contract is a contract in which one or more parties have yet to fulfill their obligations under the contract.
7. Void contract: A void contract is a contract that is not legally binding and has no legal effect.
8. Voidable contract: A voidable contract is a contract that can be legally canceled or voided by one of the parties involved.
9. Unenforceable contract: An unenforceable contract is a contract that cannot be enforced by law due to certain legal limitations or technicalities.
10. Adhesion contract: An adhesion contract is a contract in which one party has significantly more bargaining power than the other party, resulting in an unfair or one-sided agreement.
Free Test
FREE
| Start Free Test |
Community Answer
The contracts in which law creates certain rights & obligations si...
Quasi contract because it is an contract in which both the parties have not intention to enter the contract but law implies the contract between both parties
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
The contracts in which law creates certain rights & obligations similar to those of a contract are :a)Contingent contractb)Constructive contractc)Wagering contractd)Quasi contractCorrect answer is option 'D'. Can you explain this answer?
Question Description
The contracts in which law creates certain rights & obligations similar to those of a contract are :a)Contingent contractb)Constructive contractc)Wagering contractd)Quasi contractCorrect answer is option 'D'. 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 contracts in which law creates certain rights & obligations similar to those of a contract are :a)Contingent contractb)Constructive contractc)Wagering contractd)Quasi contractCorrect answer is option 'D'. 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 contracts in which law creates certain rights & obligations similar to those of a contract are :a)Contingent contractb)Constructive contractc)Wagering contractd)Quasi contractCorrect answer is option 'D'. Can you explain this answer?.
The contracts in which law creates certain rights & obligations similar to those of a contract are :a)Contingent contractb)Constructive contractc)Wagering contractd)Quasi contractCorrect answer is option 'D'. 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 contracts in which law creates certain rights & obligations similar to those of a contract are :a)Contingent contractb)Constructive contractc)Wagering contractd)Quasi contractCorrect answer is option 'D'. 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 contracts in which law creates certain rights & obligations similar to those of a contract are :a)Contingent contractb)Constructive contractc)Wagering contractd)Quasi contractCorrect answer is option 'D'. Can you explain this answer?.
Solutions for The contracts in which law creates certain rights & obligations similar to those of a contract are :a)Contingent contractb)Constructive contractc)Wagering contractd)Quasi contractCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of The contracts in which law creates certain rights & obligations similar to those of a contract are :a)Contingent contractb)Constructive contractc)Wagering contractd)Quasi contractCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
The contracts in which law creates certain rights & obligations similar to those of a contract are :a)Contingent contractb)Constructive contractc)Wagering contractd)Quasi contractCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for The contracts in which law creates certain rights & obligations similar to those of a contract are :a)Contingent contractb)Constructive contractc)Wagering contractd)Quasi contractCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of The contracts in which law creates certain rights & obligations similar to those of a contract are :a)Contingent contractb)Constructive contractc)Wagering contractd)Quasi contractCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice The contracts in which law creates certain rights & obligations similar to those of a contract are :a)Contingent contractb)Constructive contractc)Wagering contractd)Quasi contractCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© 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