What distinguishes a legally binding contract from a purely social arrangement?
Question and options
What distinguishes a legally binding contract from a purely social arrangement?
The presence of consideration
An intention to create legal relations
Agreement on the same thing in the same sense
Certainty about what each person is to do
Answer and explanation
The distinction is an intention to undertake obligations enforceable by law. People can reach a clear social agreement, exchange things or agree precisely what each will do without intending legal enforcement.
Practice for these exams
-
All India Bar Examination (AIBE)
Subject revision
See pack details on LawMint.net -
UGC NET Law
Subject revision
See pack details on LawMint.net -
IIT Kharagpur LL.M. Entrance
Subject revision
See pack details on LawMint.net -
Uttar Pradesh Judicial Services (UP PCS-J)
-
CLAT PG
Subject revision for a passage-based exam
-
CUET PG Law (LL.M.)
Subject revision
-
AILET PG
Subject revision
-
Supreme Court Law Clerk and Research Associate
Subject revision
-
Bihar Judicial Services
Subject revision
-
Uttarakhand Judicial Services
Subject revision
Related question papers
Related exam syllabi
More solved explanations in Proposal, acceptance, communication & revocation
- 'A' applied for allotment of 100 shares in 'B' company. A letter of allotment addressed to 'A' was posted in due time, but it never reached 'A'. The posting of…
- Under the Indian Contract Act, 1872, consider the following. Assertion (A): Agreements enforceable by law are contracts. Reason (R): Agreements not enforceable by…
- A calls up B and asks 'will you sell me your house? SMS me the lowest cash price." B's reply by SMS was lowest cash price for my house is rupees 1 crore. A,…
- In the 1893 Privy Council decision Harvey v. Facey, how did the Board treat Facey's reply stating the lowest price?
- At an auction of goods, the auctioneer brings down the hammer on the highest bid without speaking. Under section 9 of the Indian Contract Act, 1872, how is the…