n NISM Certifications
NSM General NISM
Medium

What are the essential elements of a valid contract?

Practice question from IC 38 Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Offer and acceptance

  2. B

    Consideration

  3. C

    Agreement between the parties

  4. All of the above

    Correct answer

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

Test yourself for real

Take a full General NISM mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.