Which one of the following essentials of contract does not find place in the Indian Contract Act, 1872?
Section 10 of the Indian Contract Act, 1872 makes agreements contracts if they are made by the free consent of parties competent to contract, for a lawful consideration and…
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Which one of the following essentials of contract does not find place in the Indian Contract Act, 1872?
Answer and explanation
Correct answer C
Section 10 of the Indian Contract Act, 1872 makes agreements contracts if they are made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object. Intention to create legal relations is not listed there, so "Intention of contract" is the essential that does not find place in the Act, although courts still use it to separate social or domestic promises from enforceable agreements. Competency of parties, consideration and lawful object are all expressly required.
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