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Business Studies

Important Laws

"Every agreem...

Question

"Every agreement and promise enforceable at law is a contract" are the words of_______.

A

Salmond

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B

Anson

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C

Sir Fredrick Pollock

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D

None of the above

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Solution

The correct option is C Sir Fredrick Pollock
A contract is an agreement between two or more persons creating rights & duties and which is enforceable by law. According to Sir Frederick Pollock, "Every agreement and promise enforceable at law is a contract."

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Q. Assertion :All contracts are agreements. Reason: An agreement enforceable by law is a contract.

Q. X promises to pay Y Rs. 1,00,000 on his promising to never get married in life. This agreement is not enforceable due to __________________.

Q. Agreement + enforceability by Law = _________________.

Q. An agreement not enforceable by law is said to be _____________.

Q. Identify which of the following statement is true and which is false.
L. The Court will not enforce a contract the terms of which are uncertain.
M. An agreement to agree in the future constitutes a binding contract.
N. A contract with an intention to contract is not a contract.

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