Multiple choice

Choose the correct essential(s) of a valid contract.

(i) Parties to contract should have capacity to contract. (ii) Parties to contract should have legal mind. (iii) Parties to contract should be intelligent. (iv) Invitation to offer should be accepted.

  1. Only (i)

  2. Only (i) and (iv)

  3. Only (ii)

  4. All of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Option (1) is correct: For a valid contract, the essential is that the parties should have capacity to contract.

Keep practicing — related questions