An E-contract under ICA 1872 requires:
ANotarised written form delivered electronically
BA digital signature by both parties only
CAll essentials of a valid contract (free consent, capacity, consideration, legality) like traditional paper contracts
DGovernment registration on a central portal
Answer & Solution
Correct answer: C. All essentials of a valid contract (free consent, capacity, consideration, legality) like traditional paper contracts
1. Per OCR: "This contract are conceptually akin to the traditional paper contract and requires all the essential requirements of a valid contract like free consent, capacity of the parties, consideration and legality of objects and consideration."
2. Electronic medium does not change ICA essentials.
3. IT Act 2000 supplements with e-signature/e-record provisions.
_Source: ICMAI BoS CMA Foundation Paper 1 (FBLC) — Paper1_07042026.pdf, Module 2 §2.1 (page 53)_