Performance of a Contract

Indian Contract Act (ICA)1872

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

A proposal may consist of a promise for

Doing an act

Abstaining from doing an act

Either (a) or (b)

Returning the consideration

- A proposal can involve several elements:

- Doing an act: This means committing to perform a certain action as part of the proposal.

- Abstaining from doing an act: This involves a commitment to refrain from a specific action.

- Either (a) or (b): This option allows for either performing an action or refraining from doing one, thus encompassing both possibilities.

- Returning the consideration: This involves giving back something that was given as a part of the proposal's terms.

- Correct Answer: ?? Option 3 - Either (a) or (b)