Site navigation

Under the Indian Contract Act, 1872, what is a set of promises forming the consideration for each other…

Section 2(e) defines an agreement through promises forming the consideration for each other. An agreement becomes a contract when it is enforceable by law under Section 2(h).

Choose your answer

Under the Indian Contract Act, 1872, what is a set of promises forming the consideration for each other called?

Select one answer
Answer and explanation

Correct answer B

Section 2(e) defines an agreement through promises forming the consideration for each other. An agreement becomes a contract when it is enforceable by law under Section 2(h).

Option feedback

Option A

Incorrect. A contract is an agreement that the law will enforce.

Option B

Correct. Section 2(e) calls promises forming consideration for each other an agreement.

Option C

Incorrect. A proposal communicates willingness to do or abstain from something to obtain assent.

Option D

Incorrect. An acceptance is assent to a proposal.

Practice for these exams

Related question papers

Related exam syllabi

Related questions in this topic