Multiple choice

An agreement enforceable by law at the instance of one party & not of other party under section 2(i) 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

Section 2(i) of the Indian Contract Act defines a voidable agreement as one that is enforceable by law at the option of one or more parties but not at the option of the other(s). A voidable contract is valid and binding unless and until the aggrieved party chooses to avoid it. A void contract is never enforceable; a valid contract is binding on all parties; an illegal contract is prohibited by law.

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