Elements of Valid Contract

1. Indian Contract was Act was enacted in the year:
   (a) 1832
   (b) 1872
   (c) 1852
   (d) None of these
2. As per the Indian Contract Act, 1872 which of the following is not an essential of a valid contract?
   (a) Offer and Acceptance
   (b) Lawful object
   (c) Legal obligation
   (d) Incompetent Parties
3. As per the Indian contract Act, 1872, an agreement enforceable by law is a ___________.
   (a) Promise
   (b) Valid offer
   (c) Contract
   (d) None of the above
4. As per the Indian Contract Act, 1872 a proposal when accepted, becomes a :
   (a) Promise
   (b) Agreement
   (c) Contract
   (d) None of the above
5. Every agreement and promise enforceable by law is a ___________:
   (a) Contract
   (b) Consideration
   (c) Offer
   (d) None of these
6. Which one of the following is essential for a valid contract?
   (a) Mutual consent
   (b) Free consent
   (c) Offer
   (d) All of the above