37. An agreement legally applicable to the choice of a party (a) Valid Contract (b) Invalid Contract (c) Countervailable Contract (d) Unlawful Contract (i) An agreement legally applicable to the choice of one or more parties, but not to the choice of the other or another party, is a countervailable contract; (c) the person making the proposal is called a “promisor” and the person accepting the proposal is called a “promise”, (7) the agreement whose meaning is uncertain is void in the absence of an agreement, no breach has been committed by the defendant and the plaintiff cannot withhold or lose the money paid by the defendant; in the absence of an offence; State of Tripura v. Bhowmik &co., AIR 2004 Gau 21. 4. In the case of purely national agreements, the intention of the parties is to establish a legal relationship, a contract is a voluntary agreement between two or more parties, which is legally applicable. It is a legally binding agreement that obliges two or more parties to perform certain tasks. It establishes rights and obligations towards the parties. A contract is a promise or series of commitments between two or more parties that allow the courts to render a judgment. It is a law that deals with the conclusion and application of the treaty. Entering into a contract generally involves an offer, acceptance, consideration, guarantee, capacity, free consent and mutual consent of two or more persons to be bound. Contractual forms may be written, oral and by behaviour. Any agreement must contain the essential elements of a valid contract. The contract includes a valid offer from one party and a valid acceptance of the offer by the other party, as the sole conclusion of this contract.
Agreements that contain essential elements of an existing contract are legally enforceable. In the Muluki Civil Code, 2074, the offer, acceptance, legal relationship, capacity of the parties, free consent, legitimate property, letter and registration, security, possibility of performance and not expressly declared as elements of a valid contract. In the modern era of legal development, contract law is important in all activities of human society. This is an inevitable object of economic or company law. Contract law is considered an important element of economic law, since the transaction is carried out between two or more parties and the relationship between them is governed and regulated by the contract. 3. The contract is defined as an agreement that can be imposed by law, empty section. (f) promises which constitute the consideration or part of the mutual consideration shall be classified as reciprocal promises; 30.
If an agreement suffers from uncertainties. It`s…….. (a) Countervailable (b) Invalid (c) Unenforceable (d) Illegal. (a) include a time limit whose non-compliance would be presumed. (b) intend to establish legal relations. (c) specific and unambiguous terms. (d) to the person to whom it is made. 28.
“Consensus – ad – idem” means ……. (a) General consensus (b) Meeting on the same matter along the same lines (c) Reaching agreement (d) reaching Treaty 19. The offer implied by the conduct of the parties or the circumstances of the case is called …….. (a) Implied offer (b) Express offer (c) General offer (d) Specific offer 29. A contract concluded without the free consent of the parties is …….. (a) Valid (b) Illegal (c) Countervailable (d) Invalid 18. In trade and trade agreements, the intention of the parties to establish a legal relationship (a) exists (b) explicitly expressed in writing (c) irrelevant or all (d) not applicable. If a contract is concluded without the free consent of the party, it shall be considered a countervailable contract. .