New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    The consideration or object of an agreement is not

    unlawful if_______________
    A Is fraudulent Correct Answer Incorrect Answer
    B Not forbidden by law Correct Answer Incorrect Answer
    C Court regards it as immoral, or opposed to public policy Correct Answer Incorrect Answer
    D Involves or implies, injury to the person or property of another Correct Answer Incorrect Answer

    Solution

    Contract Act -Section 23. What considerations and objects are lawful, and what not- The consideration or object of an agreement is lawful, unless— it is forbidden by law; or is of such a nature that, if permitted, it would defeat the provisions of any law; or is fraudulent; or involves or implies, injury to the person or property of another; or the Court regards it as immoral, or opposed to public policy. In each of these cases, the consideration or object of an agreement is said to be unlawful. Every agreement of which the object or consideration is unlawful is void.

    Practice Next