Multiple choice

Section 10 of the Contract Act renders some important ingredients of a contract. Which of the following is incorrect according to the Act?

  1. Free consent

  2. Parties must be competent to contract.

  3. Consideration

  4. Lawful object

  5. Terms of the agreement must not be vague or uncertain.
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E Correct answer
Explanation

Section 10 defines what agreements are contracts. There are five essentials for a valid contract and those are free consent, competency of parties, lawful consideration, lawful object and not declared to be void. 'Terms of the agreement must not be vague or uncertain' is no such requirement.

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