Multiple choice

A agrees to sell a horse worth Rs. 1000 for Rs. 10. A's consent to the agreement was freely given. The agreement is

  1. voidable

  2. void

  3. contract

  4. illegal

  5. valid
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Option (1) is incorrect: Valid contract in the eye of law Option (2) is incorrect: Agreement became contract and completely valid in the eyes of law. Option (3) is correct: Agreement becomes contract and consideration may be of any value.  Option (4) is incorrect: It is a legal agreement and enforceable in the court of law.

Keep practicing — related questions