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A famous coconut oil manufacturing company agrees to sell 5,000 litres of coconut oil. Under the Indian…

Section 29 of the Indian Contract Act makes void only agreements whose meaning is not certain or capable of being made certain. An agreement by a coconut-oil manufacturer to…

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A famous coconut oil manufacturing company agrees to sell 5,000 litres of coconut oil. Under the Indian Contract Act, 1872, such an agreement is:
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Correct answer C

Section 29 of the Indian Contract Act makes void only agreements whose meaning is not certain or capable of being made certain. An agreement by a coconut-oil manufacturer to sell 5,000 litres of coconut oil states both the kind and the quantity of goods, unlike the statutory illustration of "a hundred tons of oil" without more, so the agreement is "valid"; if no price is fixed, section 9 of the Sale of Goods Act supplies a reasonable price.

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