Answer-Which of the following statement regarding ‘consideration’ in a contract is false?

Q: Answer-Which of the following statement regarding &lsquo;consideration&rsquo; in a contract is false?

Essential elements of Consideration Section 2 d of Indian Contract Act Consideration must move at the desire of the promisor Consideration may move from the promisee or any other person Consideration must be real not illusory Consideration may be past, present or future. It must be Lawful It must not be immoral or opposed to public policy

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Which of the following statement regarding ‘consideration’ in a contract is false?

A Consideration must move at the desire of the promisor Correct Incorrect

B Consideration can be real or illusory Correct Incorrect

C Consideration may be past, present or future Correct Incorrect

D All of the above Correct Incorrect

E None of the above Correct Incorrect

Detailed Solution

Essential elements of Consideration: Section 2 (d) of Indian Contract Act · Consideration must move at the desire of the promisor · Consideration may move from the promisee or any other person · Consideration must be real not illusory · Consideration may be past, present or future. · It must be Lawful · It must not be immoral or opposed to public policy

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Which of the following statement regarding ‘consideration’ in a contract is false?

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