Commercial law

Section 10 of Indian Contract 1872 deals with

• Void contract

• Voidable contract

• Valid contract

• Illegal contract

The term quasi means

• Similar to real contract

• Resemble to real contract

• Both 1 & 2

• None

Novation means

• Alteration

• Substitution

• Cancellation

• Remission

Voidable contract can be cancelled or enforced at the option of....

• Aggrieved party

• Other party

• Stranger

• None

Waiver means

• Relinquishment

• Cancellation

• Alteration

• None

Coercion refers under

• Section 14

• Section 15

• Section 16

• Section 17

Unilateral means

• One sided

• Two sided

• Both 1 & 2

• None

Wager means

• Contingent

• Betting

• Illegal

• Valid

Indian contract Act 1872 came into force from

• 1st August

• 1st September

• 1st October

• 1st November

Contract defines under section........ .

• 2(e)

• 2(f)

• 2(h)

• 2(g)