INTERVIEW QUESTIONS MERCANTILE LAW NATURE OF CONTRACTS DETAILS

Question: Implied contract even if not in writing or express words is perfectly _______________ if all the conditions are satisfied:-
(a) Void
(b) Voidable
(c) Valid
(d) Illegal

Answer: (c) Valid
Description: As per Section 9 of Indian Contract Act, in so far as such proposal or acceptance is made otherwise than in words, the promise is said to be implied. Thus, an implied contract even if not in writing or express owrds is perfectly valid if all the conditions are satisfied.

(c) Valid
Description: As per Section 9 of Indian Contract Act, in so far as such proposal or acceptance is made otherwise than in words, the promise is said to be implied. Thus, an implied contract even if not in writing or express owrds is perfectly valid if all the conditions are satisfied. Source: CoolInterview.com

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