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Question
Ram agrees to sell to Rahim, 100 tons of oil. The agreement is _____.
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Solution
The correct option is B Void
Section 10 of the Indian Contract Act, 1872 requires the following essential criteria to be fulfilled for a valid contract:(1) parties have capacity to contract.(2) there must be a lawful object and consideration(3) there must be free consent and the terms and conditions must be certain.In the current example, there is no lawful consideration being provided.
Section 10 of the Indian Contract Act, 1872 requires the following essential criteria to be fulfilled for a valid contract:
(1) parties have capacity to contract.
(2) there must be a lawful object and consideration
(3) there must be free consent and the terms and conditions must be certain.
In the current example, there is no lawful consideration being provided.
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