CMA Inter Paper 5 Business Laws And Ethics Practice Questions - CMA Intermediate Paper 5 Business Laws And Ethics Exam

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Under Section 10 of the Indian Contract Act, 1872, which one of the following is NOT an essential element required to make an agreement a valid contract?

Free consent of the parties Lawful consideration and lawful object The agreement must be in writing and registered in every case Competency of the parties to contract

Correct Answer:

The agreement must be in writing and registered in every case

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