Elements of Law and Legal AptitudeMCQQuestion 5780 of 6
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Which of the following is a fundamental principle of the Indian Contract Act, 1872?

Options

AOffer and acceptance must be made in writing
BConsideration must be adequate
CFree consent of the parties is required
DMinors are competent to contract
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Correct Answer

Option CFree consent of the parties is required

All Options:

  • AOffer and acceptance must be made in writing
  • BConsideration must be adequate
  • CFree consent of the parties is required
  • DMinors are competent to contract

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Detailed Solution & Explanation

The Indian Contract Act, 1872, lays down that a contract is not valid unless it is made with the free consent of the parties. This means that the consent of the parties must not be obtained by coercion, undue influence, fraud, or misrepresentation.
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