Multiple choice

An agreement enforceable by law at the instance of one or more of the parties and not of other or others under Section 2(i) of the Indian Contract Act is called

  1. a valid contract

  2. an illegal contract

  3. a void contract

  4. a voidable contract
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Voidable contract is valid at the option of one or more of parties but not at the option of other party. A valid contract contains all the essential elements of a contract. An illegal contract is the one, which is against the provisions of law. A void contract becomes void subsequent to formation.

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