Correct option is D
· (A) Free consent: Defined under Section 14 of the Indian Contract Act, which specifies that consent is considered free if it is not influenced by coercion, undue influence, fraud, misrepresentation, or mistake.
· (B) Misrepresentation: Covered under Section 18 of the Indian Contract Act, which deals with the effect of misrepresentation on the validity of a contract. It defines misrepresentation as a false statement that induces someone to enter into a contract.
· (C) Coercion: Defined under Section 15 of the Indian Contract Act. It involves using threats or force to make someone agree to a contract, making the consent invalid.
· (D) Fraud: Addressed in Section 17 of the Indian Contract Act. Fraud includes any act committed with the intent to deceive another party, influencing them to enter into a contract.
Information Booster:
1. Section 14: Free consent is a fundamental requirement for the formation of a valid contract. It ensures that parties enter into agreements voluntarily and with full understanding, free from external pressures.
2. Section 15: Coercion involves using threats to make someone agree to terms, which invalidates the consent. It is considered a form of undue influence that affects the agreement's enforceability.
3. Section 17: Fraudulent activities, including deceit or misrepresentation with intent to deceive, affect the contract’s validity. Victims of fraud can seek remedies under this section.
4. Section 18: Misrepresentation involves providing false information that impacts the decision to enter into a contract. It affects the agreement's legitimacy and provides grounds for rescission.
Additional Information:
· Section 14 ensures that contracts are made on genuine consent, preventing exploitation and ensuring fair agreements.
· Section 15 addresses the issue of coercion to safeguard individuals from being forced into agreements against their will.
· Section 17 provides protection against fraudulent practices that undermine the integrity of contractual relationships.
· Section 18 focuses on misrepresentation, emphasizing the importance of truthful information in contract formation.
