ESSENTIALS OF A VALID CONTRACT

1. Which section of the Indian Contract Act states the essential elements of a valid contract:-
   a) Sec-25
   b) Sec-14
   c) Sec-10
   d) Sec 11
2. Free consent is the one which is not affected by:–
   a) Fraud
   b) Mistake
   c) Coercion
   d) All of the above
3. Which sections of the Indian Contract Act deal with Void agreements:-
   a) Sec 15 to 22
   b) Sec 24 to 30
   c) Sec 68 to 72
   d) Sec 3 to 9
4. Which is the leading case on the “intention to create legal relationships”?
   a) Balfour v/s Balfour
   b) Adams v/s Lindsell
   c) Powell v/s Lee
   d) Nash v/s Inman
5. Every person is competent to contract who is-
   a) Major
   b) Sound mind
   c) Not disqualified by law
   d) All of the above
6. Which section deals with lawful consideration and lawful object?
   a) S-11
   b) S-15
   c) S-23
   d) S-25

Answer 1. (c) 2. (d) 3. (b) 4. (a) 5. (d) 6. (c)