There are generally two parties to compensation contracts: Statement (II): All contracts are agreements, but not all agreements are contracts. Arrange the following in order of appearance: In the agency agreement, tacit representation may result from: Q.47:- If people promise each other, first, to do certain things that are legal and, second, in certain circumstances, to do certain other things that are illegal, the first set of promises is a ………… , but the second is a ………….. : Question 19: A, indebted to B, the lender of his village, takes out a new loan on terms that seem unscrupulous. Which of the following codes is correct in the context of the above two statements? Agreement: In legal language, the word “agreement” is used to refer to a promise or commitment or a set of mutual commitments that constitute consideration for the parties. In an agreement, one person offers or proposes something to another person, who in turn accepts the same thing. In other words, the offer plus the acceptance equals the agreement, or we can say that an accepted proposal is an agreement. Of course, intent is the basis of any enforceable contract. False, since the quasi-contract situations cannot be specified.
It is for the courts to authorize such relationships, taking into account the circumstances of the case. Contract vs. Agreement: An agreement is an agreement or agreement between two or more parties. A contract is a specific type of agreement that is legally binding and enforceable in court because of its terms and elements. Thus, all contracts are agreements, but not all agreements are contracts. Some relationships similar to those created by contracts. Statement I): The unrequited agreement still applies. Q.36:- A false opinion about the value of the things which are the subject of the agreement shall not be considered: Q.12:- A contract that is no longer legally enforceable becomes null and void when it is no longer: Q.45:- If two or more persons have entered into a joint undertaking, the promisor may, unless expressly agreed otherwise, bind the entire contract: Q.41: – A betting contract is …………… Whereas a conditional contract ………………… : Question 6: The law dealing with matters relating to the contract is entitled: Section 2 (j) of the Act defines a void contract as follows: “A contract which is no longer legally enforceable becomes void when it is no longer enforceable”.
This nullifies all contracts that are not enforceable in court. A quasi-contract is a fictitious contract recognized by a court. The concept of quasi-contract dates back to Roman law and is still a concept used in some modern legal systems. Learn more about near-deals in this quiz Share this near-deal quiz with your friends and on your social media to spread knowledge! Is obliged to conclude a new contract with A for the use of these goods. That is correct, since quasi-contractual obligations have been expressly made enforceable.