Every promise and every set of promises forming the consideration for each other____________?
Correct answer: C. An agreement
- A. A proposal
- B. An offer
- C. An agreement
- D. None of above
Explanation
Section 2(e) of the Contract Act defines an agreement as every promise, or set of promises, forming consideration for each other. A proposal becomes a promise when accepted, while the mutual promises together constitute an agreement.
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About Civil Law
Civil law governs disputes involving private rights, including contracts, property, family relations, torts and compensation. The subject explains breach of duty, civil liability, damages, specific relief, injunctions and other remedies, while distinguishing private claims between individuals from criminal proceedings brought to punish offences against the state.
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