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Question

Arrange the followings on the basis of Sections of Indian Contract Act, 1872 in ascending order : 

A. Agreement in restraint of Marriage 

B. Agreement made without consideration 

C. Agreement with unlawful objects or consideration 

D. Agreement in restraint of Trade 

E. Agreement by way of wager 

Choose the correct answer from the options given below: 

The correct answer is
C, B, A, D, E

Contract Act Sections: Agreement Order

This question requires arranging specific types of agreements based on their corresponding section numbers in the Indian Contract Act, 1872, in ascending order.

Identifying Contract Act Sections

First, identify the section number for each agreement type mentioned in the question:

  • A. Agreement in restraint of Marriage falls under Section 26.
  • B. Agreement made without consideration is covered under Section 25.
  • C. Agreement with unlawful objects or consideration is dealt with in Section 23.
  • D. Agreement in restraint of Trade is specified in Section 27.
  • E. Agreement by way of wager is addressed by Section 30.

Ordering Sections in Ascending Sequence

The identified section numbers are 23, 25, 26, 27, and 30. Arranging these in ascending order yields:

$23$
$25$
$26$
$27$
$30$

Mapping Sections to Agreement Types

Now, map these ordered section numbers back to the corresponding agreement types (A, B, C, D, E):

  • Section 23 corresponds to C (Agreement with unlawful objects or consideration).
  • Section 25 corresponds to B (Agreement made without consideration).
  • Section 26 corresponds to A (Agreement in restraint of Marriage).
  • Section 27 corresponds to D (Agreement in restraint of Trade).
  • Section 30 corresponds to E (Agreement by way of wager).

Thus, the correct ascending order of agreements based on their sections in the Indian Contract Act, 1872, is C, B, A, D, E.

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Important Questions from Indian Contract Act, 1872

  1. Which one is False as per the relevant provisions of the Indian Contract Act. 1872?

  2. Which one is the correct sequence implied in the Indian Contract Act 1872?

    (A) Offer of proposal

    (B) Contract

    (C) Promise

    (D) Agreement

    (E) Acceptance

    Choose the correct answer from the options given below:

  3. Statement I: Contracts whose objects or consideration are unlawful are void.

    Statement II: Contracts in restraint of legal proceedings are void.

  4. What are the features of Income tax Return - 1 (Sahaj)
    i. Tax payers whose total income does not exceed Rs.50 lakh during the F.Y, and income assessed under the head Salary
    ii. Income tax from Salary, one house property, family pension, agriculture income upto Rs.5000 can be filed
    iii. ITR-1 cannot be filed by any individual who has income from business or profession.
    iv. ITR -1 Sahaj is also called as ITR -1 Sugam
  5. Which statements are correct about the provisions of Sec 40 (B) Remuneration to partners ?
    i. Remuneration is allowed to working and non working partners
    ii. Must be authorised by partnership deed
    iii. Maximum limit
    a. If book profit is negative, in case of loss Rs.1,50,000
    b. In case of book profit on the first Rs.3,00,000 of book profit-1,50,000 Or 90% book profit, whichever is higher. On the balance of the book profit - 60%
    iv. Maximum rate of interest is 15%
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