Question:
Which is correct?
Which is correct?
Show Hint
Remember the sequence: Proposal → Promise → Agreement → Contract.
Updated On: Oct 31, 2025
- Proposal + Acceptance = Promise
- Promise + Consideration = Agreement
- Agreement + Enforceability = Contract
- All of the above
Show Solution
Verified By Collegedunia
The Correct Option is D
Solution and Explanation
Step 1: Contract formation basics.
According to the Indian Contract Act:
- Proposal and its acceptance create a promise.
- A promise with consideration becomes an agreement.
- An agreement enforceable by law is a contract.
Step 2: Application to options.
All the options correctly reflect the legal formulae leading to the formation of a contract.
Step 3: Conclusion.
Therefore, option (d) is correct.
According to the Indian Contract Act:
- Proposal and its acceptance create a promise.
- A promise with consideration becomes an agreement.
- An agreement enforceable by law is a contract.
Step 2: Application to options.
All the options correctly reflect the legal formulae leading to the formation of a contract.
Step 3: Conclusion.
Therefore, option (d) is correct.
Was this answer helpful?
0
0
Top AIBE Legal Studies Questions
- The concept of freedom of trade and commerce mentioned in the Indian Constitution is motivated from the experience of the following country?
- Which of the following writ is issued to enforce the performance of public duties by the authority?
- Which of the following Constitutional Amendment Act had made the provision for publishing Hindi Translation of the Constitution?
- Which of the following is the landmark judgment on the Colourable legislation?
- Which of the following Constitutional Amendment Act was passed in light of the advisory opinion received in Re Berubari case?
View More Questions
Top AIBE Contract Law Questions
- Which of the following is not a fraud as per the Indian Contract Act, 1872?
- Which of the following statement is correct if A, intending to deceive B, falsely represents that five hundred maunds of indigo are made annually at A’s factory, and thereby induces B to buy the factory?
- Which of the following injunction can be granted only by the decree made at hearing and upon the merit of the suit?
- A stipulation in a bond for payment of compound interest on failure to pay simple interest at the same rate as was payable upon the principal is not a penalty within the meaning of which of the following provision of the Indian Contract Act, 1872?
- What is the default interest payable under Section 63A of the Transfer of Property Act, 1882?
View More Questions
Top AIBE Questions
- The concept of freedom of trade and commerce mentioned in the Indian Constitution is motivated from the experience of the following country?
- Which of the following writ is issued to enforce the performance of public duties by the authority?
- Which of the following Constitutional Amendment Act had made the provision for publishing Hindi Translation of the Constitution?
- Which of the following is the landmark judgment on the Colourable legislation?
- Which of the following Constitutional Amendment Act was passed in light of the advisory opinion received in Re Berubari case?
View More Questions