AIBE XV — January 2021 — Q.23 (Indian Contract Act, 1872)

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Q.23

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

Bare Act Indian Contract Act, 1872 · Section 2(e)

Agreement is:

✓ a promise or set of promises forming consideration to each other Answer

B enforceable by law

C enforceable contract

D Un enforceable by law

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Explanation & Strategy

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Section 2(e) of the Indian Contract Act defines 'agreement' as every promise and every set of promises forming the consideration for each other. An agreement = offer + acceptance. A contract = agreement + enforceability by law.

At a Glance

Subject Contract, Specific Relief, Property & NI Act

Difficulty Medium

Act Indian Contract Act, 1872

Section Section 2(e)

Answer (A) Knowledge-Based

Paper AIBE XV — January 2021

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