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An agreement giving rise to which obligation gives rise to a contract?
ASocial obligation
BLegal obligation
CMoral obligation
DReligious obligation
Answer & Solution
Correct answer: B. Legal obligation
1. Per OCR: "An agreement to become a contract must give rise to a legal obligation."
2. Social/moral/religious obligations are not contracts.
3. Legal obligation = enforceability by law.
_Source: ICMAI BoS CMA Foundation Paper 1 (FBLC) — Paper1_07042026.pdf, Module 2 §2.1 (page 49)_
Related questions
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