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A invites B for his son wedding. B accepts the invitation. In this case there is an agreement but no contract, since
- a)There is no consideration.
- b)There is no intention to create legal relationship.
- c)There is no written document.
- d)There is no formal acceptance of the offer.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
A invites B for his son wedding. B accepts the invitation. In this cas...
CORRECT OPTION IS (B).
According to Section 10 of the Indian Contract Act, 1872, a contract to be valid must be made with an intention to create legal relationship. In the instant case, X invited Y for his son's wedding. Y accepted the invitation. Here, in this case, there is an agreement but not contract since one of the essential element of Section 10 viz. intention to create legal relationship is not present. Therefore there is no contract.
According to Section 10 of the Indian Contract Act, 1872, a contract to be valid must be made with an intention to create legal relationship. In the instant case, X invited Y for his son's wedding. Y accepted the invitation. Here, in this case, there is an agreement but not contract since one of the essential element of Section 10 viz. intention to create legal relationship is not present. Therefore there is no contract.
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A invites B for his son wedding. B accepts the invitation. In this cas...
Explanation:
Agreement and Contract are two different terms used in the legal system. An agreement is a meeting of minds between two or more parties, where they agree to do or not to do something. On the other hand, a contract is a legally binding agreement between two or more parties, where there is an exchange of something of value.
In the given scenario, A invites B to his son's wedding, and B accepts the invitation. This creates an agreement between A and B, but not a contract. The reason for this is:
Intention to create legal relationship:
For an agreement to be legally binding, the parties involved must have the intention to create a legal relationship. In this case, the invitation to the wedding is a social invitation and not a business invitation. Therefore, there is no intention to create a legal relationship.
Consideration:
In a contract, there must be consideration, which is something of value exchanged between the parties involved. In this case, there is no consideration involved in the invitation to the wedding.
Formal acceptance of the offer:
For a contract to be formed, there must be a formal acceptance of the offer made by one party. In this case, B has accepted A's invitation, but there is no formal acceptance of the offer. It is a social invitation, and B's acceptance is also informal.
Conclusion:
Hence, we can conclude that there is an agreement between A and B, but not a contract. The reason for this is the lack of intention to create a legal relationship.
Agreement and Contract are two different terms used in the legal system. An agreement is a meeting of minds between two or more parties, where they agree to do or not to do something. On the other hand, a contract is a legally binding agreement between two or more parties, where there is an exchange of something of value.
In the given scenario, A invites B to his son's wedding, and B accepts the invitation. This creates an agreement between A and B, but not a contract. The reason for this is:
Intention to create legal relationship:
For an agreement to be legally binding, the parties involved must have the intention to create a legal relationship. In this case, the invitation to the wedding is a social invitation and not a business invitation. Therefore, there is no intention to create a legal relationship.
Consideration:
In a contract, there must be consideration, which is something of value exchanged between the parties involved. In this case, there is no consideration involved in the invitation to the wedding.
Formal acceptance of the offer:
For a contract to be formed, there must be a formal acceptance of the offer made by one party. In this case, B has accepted A's invitation, but there is no formal acceptance of the offer. It is a social invitation, and B's acceptance is also informal.
Conclusion:
Hence, we can conclude that there is an agreement between A and B, but not a contract. The reason for this is the lack of intention to create a legal relationship.
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A invites B for his son wedding. B accepts the invitation. In this case there is an agreement but no contract, sincea)There is no consideration.b)There is no intention to create legal relationship.c)There is no written document.d)There is no formal acceptance of the offer.Correct answer is option 'B'. Can you explain this answer?
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A invites B for his son wedding. B accepts the invitation. In this case there is an agreement but no contract, sincea)There is no consideration.b)There is no intention to create legal relationship.c)There is no written document.d)There is no formal acceptance of the offer.Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A invites B for his son wedding. B accepts the invitation. In this case there is an agreement but no contract, sincea)There is no consideration.b)There is no intention to create legal relationship.c)There is no written document.d)There is no formal acceptance of the offer.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A invites B for his son wedding. B accepts the invitation. In this case there is an agreement but no contract, sincea)There is no consideration.b)There is no intention to create legal relationship.c)There is no written document.d)There is no formal acceptance of the offer.Correct answer is option 'B'. Can you explain this answer?.
A invites B for his son wedding. B accepts the invitation. In this case there is an agreement but no contract, sincea)There is no consideration.b)There is no intention to create legal relationship.c)There is no written document.d)There is no formal acceptance of the offer.Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A invites B for his son wedding. B accepts the invitation. In this case there is an agreement but no contract, sincea)There is no consideration.b)There is no intention to create legal relationship.c)There is no written document.d)There is no formal acceptance of the offer.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A invites B for his son wedding. B accepts the invitation. In this case there is an agreement but no contract, sincea)There is no consideration.b)There is no intention to create legal relationship.c)There is no written document.d)There is no formal acceptance of the offer.Correct answer is option 'B'. Can you explain this answer?.
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A invites B for his son wedding. B accepts the invitation. In this case there is an agreement but no contract, sincea)There is no consideration.b)There is no intention to create legal relationship.c)There is no written document.d)There is no formal acceptance of the offer.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for A invites B for his son wedding. B accepts the invitation. In this case there is an agreement but no contract, sincea)There is no consideration.b)There is no intention to create legal relationship.c)There is no written document.d)There is no formal acceptance of the offer.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of A invites B for his son wedding. B accepts the invitation. In this case there is an agreement but no contract, sincea)There is no consideration.b)There is no intention to create legal relationship.c)There is no written document.d)There is no formal acceptance of the offer.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
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