Law · Indian Contract Act
Given below are two statements: One is labelled as Assertion A and the other is labelled as Reason R: Assertion A: A agrees to sell land to B at a price to be fixed by C. C refuses to fix the price. The contract is enforceable. Reason R: Under the Indian Contract Act, an agreement is valid and enforceable if there is certainty in its essential terms. In the light of the above statements, choose the most appropriate answer:
- 1A is not correct but R is correct✓
- 2A is correct but R is not correct
- 3Both A and R are correct but R is NOT the correct explanation of A
- 4Both A and R are correct and R is the correct explanation of A
Correct answer
A is not correct but R is correct
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