CLAT LLM 2015 Question Paper with answer key for online practice

Principle: A contract is an agreement enforceable by law. All agreements are contracts if they are made with free consent by parties competent to contract for a lawful consideration and with a lawful object. Fact: A, a 40 year old businessman of sound mind, agrees to sell his bungalow worth 40 lakhs for 1 lakh. the agreement is (i) invalid due to inadequate consideration (ii) valid as there is lawful consideration (iii) valid as a entered into it with free consent (iv) valid because A has capacity to contract.