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    Question

    The passage mentions about how many types of

    consideration?
    A 1 Correct Answer Incorrect Answer
    B 2 Correct Answer Incorrect Answer
    C 3 Correct Answer Incorrect Answer
    D 4 Correct Answer Incorrect Answer

    Solution

    Last five sentences of para 3 mentions types of consideration- Consideration may be past which means that the consideration is given before the promise was made, present or also known as executed consideration means when the consideration is given simultaneously to the promise made or future or executory consideration which implies that the consideration for the promise made is to be passed at a future date.

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