Section 2(a) of the Indian Contract Act, 1872 defines which of the following?
AProposal or offer
BPromise
CConsideration
DAcceptance
Answer & Solution
Correct answer: A. Proposal or offer
Section 2(a) defines a proposal: signifying to another one's willingness to do or abstain from doing something to obtain that other's assent.
Keep practising Nature of Contracts
Browse all Nature of Contracts questions for CA Foundation, or explore more Businesslaw topics.
Related questions
England passed the Statute of Frauds, favouring written contracts, in:Obligations that are voluntarily undertaken and owed to specific persons are traditionallyA peppercorn in contract law is an example of:If the law does not require a contract to be written, an oral contract is generally:An agreement to agree on key terms later is:In commercial agreements, the presumption is that the parties intend to:Domestic agreements between parent and child are typically:Mutual assent in forming a contract is also called a: