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A booking with Indian Railways from Vijayawada to Visakhapatnam (paid today, travel next month) is an example of:
AUnilateral contract
BBilateral contract
CMultilateral contract
DVoid contract
Answer & Solution
Correct answer: A. Unilateral contract
1. Per OCR: "Unilateral contract: there is an obligation on the part of only one party when the contract is concluded. A books a ticket with Indian Railways..."
2. Customer has paid; obligation only on Railways to perform.
3. Unilateral = obligation rests on one side.
_Source: ICMAI BoS CMA Foundation Paper 1 (FBLC) — Paper1_07042026.pdf, Module 2 §2.1 (page 53)_
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