Q.24
Contract, Specific Relief, Property & NI Act Medium Knowledge-Based

Inadequacy of consideration does not make the contract-

V oid Answer
B V oidable
C Unenforceable
D Neither void nor voidable
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Explanation & Strategy

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Under the Indian Contract Act, a valid contract requires: offer and acceptance, intention to create legal relations, lawful consideration, capacity of parties, free consent, and lawful object. Missing any element makes it void/voidable.

At a Glance
Subject Contract, Specific Relief, Property & NI Act
Difficulty Medium
Answer (A) Knowledge-Based
Paper AIBE IV — December 2012
Progress in Paper
Q.24 100 questions

24% through paper