An agreement consists of reciprocal promises between at least ........

Indian Contract Act (ICA)1872 Introduction and Definition

An agreement consists of reciprocal promises between at least

four parties.

six parties.

three parties.

two parties.

- Option 4: Two parties

- An agreement is formed from reciprocal promises between at least two parties.

- It is a contract where each party exchanges promises, which creates legal obligations.

- Correct Answer

- Option 1: Four parties

- While agreements can involve four parties, the minimum required is two.

- More parties can complicate terms but aren't necessary for a basic agreement.

- Option 2: Six parties

- Similar to option one, six parties are possible, but not the required minimum.

- Option 3: Three parties

- Agreements can involve three parties, but two is the minimum needed.

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