Which of the following statement is true?
A) Consideration must result in a benefit to both parties
B) Past consideration is no consideration in India
C) Consideration must be adequate
D) Consideration must be something which a promisor is not already bound to do
Correct Answer:
Verified
Q6: When the consent of a party is
Q7: Which is the following is false? An
Q8: In case of illegal agreements the collateral
Q9: An offer may lapse by
A)Revocation
B)Counter Offer
C)Rejection of
Q10: A proposal when accepted becomes a:
A)Promise
B)Contract
C)Offer
D)Acceptance
Q12: Which is the following is false? Consideration:
A)Must
Q13: Which of the following statement is false?
A)Generally
Q14: Consideration must move at the desire of:
A)Promisor
B)Promisee
C)Any
Q15: Which of the following statement is true?
A)There
Q16: Consideration may be
A)Past
B)Present
C)Future
D)All of the above
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