Question

3. At the time of entering into a contract, parties must be thinking of the same thin
same sense. This is also known as:
(a) intention to create a legal relationship (b) lawful consideration
(c) consensus-ad-idem
(d) free and genuine consent
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Answer 1

Answer:

a ) intention to create a legal relationship

Answer 2

Answer:

At the time of entering into a contract, parties must be thinking of the same thing in the same sense in order to create a legal relationship. Therefore, the correct answer would be (a) intention to create a legal relationship.

Explanation:

In easy terms, a contract means when two events positioned into writing an agreement which incorporates positive responsibilities (guarantees) that are to be executed via way of means of such events, and while such written settlement turns into enforceable via way of means of regulation, it turns into a Contract. Enforceable via way of means of law manner while the settlement has obtained the force of law best for people who are a party to it and a contravention of these responsibilities might appeal to legal action, together with repudiation of the complete settlement.

Contract Act defines a Contract as “A settlement that is enforceable via way of means of Law”. An Agreement is a settlement among two events, which incorporates responsibilities or guarantees which each events want to fulfill. When such an agreement is made binding via way of means of Law, it turns into a Contract.