CLAT Exam > CLAT Videos > Legal Reasoning for CLAT > Essentials of a Valid Contract
Essentials of a Valid Contract Video Lecture | Legal Reasoning for CLAT
FAQs on Essentials of a Valid Contract Video Lecture - Legal Reasoning for CLAT
| 1. What are the essentials of a valid contract? |  |
Ans. The essentials of a valid contract include an offer, acceptance, consideration, capacity, and intention to create legal relations. These elements must be present for a contract to be legally binding.
| 2. Can a contract be considered valid if there is no offer? | |
Ans. No, a valid contract requires an offer. An offer is a clear and definite statement made by one party to another, expressing a willingness to enter into a contract. Without an offer, there is no basis for the formation of a contract.
| 3. Is consideration necessary for a contract to be valid? | |
Ans. Yes, consideration is a crucial element of a valid contract. Consideration refers to something of value that is exchanged between the parties to a contract. It can be in the form of money, goods, services, or even a promise to do or not do something. Without consideration, a contract lacks the necessary element of mutual exchange.
| 4. Can a contract be valid if one party lacks the capacity to enter into it? | |
Ans. No, for a contract to be valid, both parties must have the legal capacity to enter into the agreement. This means they must be of sound mind, not minors, and not under the influence of drugs or alcohol. If one party lacks the capacity, the contract may be considered voidable or unenforceable.
| 5. Does every agreement result in a valid contract? | |
Ans. No, not every agreement results in a valid contract. For an agreement to be legally binding, it must meet the essential elements of a valid contract, such as offer, acceptance, consideration, capacity, and intention to create legal relations. If any of these elements are missing, the agreement may not be considered a valid contract.
About this Video
4.95/5
Rating
Sep 03, 2025
Last updated
Related Exams
Video Description: Essentials of a Valid Contract for CLAT 2025 is part of Legal Reasoning for CLAT preparation.
The notes and questions for Essentials of a Valid Contract have been prepared according to the CLAT exam syllabus.
Information about Essentials of a Valid Contract covers all important topics for CLAT 2025 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Essentials of a Valid Contract.
Introduction of Essentials of a Valid Contract in English is available as part of our Legal Reasoning for CLAT for CLAT & Essentials of a Valid Contract in
Hindi for Legal Reasoning for CLAT course. Download more important topics related with notes, lectures and mock test series for
CLAT Exam by signing up for free.
Description
Video Lecture & Questions for Essentials of a Valid Contract Video Lecture | Legal Reasoning for CLAT - CLAT full syllabus preparation | Free video for CLAT exam to prepare for Legal Reasoning for CLAT.
Information about Essentials of a Valid Contract
Here you can find the meaning of Essentials of a Valid Contract defined & explained in the simplest way possible.
Besides explaining types of Essentials of a Valid Contract theory, EduRev gives you an ample number of questions to practice Essentials of a Valid Contract tests,
examples and also practice CLAT tests.
Related Searches
Essentials of a Valid Contract Video Lecture | Legal Reasoning for CLAT
,MCQs
,past year papers
,Objective type Questions
,shortcuts and tricks
,ppt
,Semester Notes
,video lectures
,Free
,Previous Year Questions with Solutions
,Important questions
,practice quizzes
,Viva Questions
,mock tests for examination
,Essentials of a Valid Contract Video Lecture | Legal Reasoning for CLAT
,Essentials of a Valid Contract Video Lecture | Legal Reasoning for CLAT
,Extra Questions
,study material
,Exam
,Sample Paper
,Summary
;
Study Essentials of a Valid Contract on the App
Students of CLAT can study Essentials of a Valid Contract alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Essentials of a Valid Contract,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Essentials of a Valid Contract is prepared as per the latest CLAT syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up
within 7 days!
within 7 days!
Takes less than 10 seconds to signup