Contract law

A contract is formed once there is an offer, acceptance, and a promise of consideration, which includes a promise to pay in the future. Actual payment (Option A) or delivery of the bike (Option C) is not required to form a valid contract; the mutual promises themselves constitute valid consideration.

The principle states that coercion makes a contract voidable at the option of the party whose consent was forced, meaning A has the legal right to rescind or enforce it. Option A is incorrect because mere signature does not make a contract enforceable if free consent was absent due to threats.

A contract is formed once there is an offer, acceptance, and a promise of consideration, which includes a promise to pay in the future. A diagram for this topic isn't available yet — the worked example below walks the same reasoning step by step.

• !This differs from English law, making Option B incorrect as Indian law explicitly permits third-party consideration.
• !Option B is incorrect because the offeror is not legally bound to the offer until the offeree has formally accepted it.
• !Option A is incorrect because mere signature does not make a contract enforceable if free consent was absent due to threats.

Answer each from memory — you'll see instantly whether you're right and why.

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