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      Question

      Consider the following statement: Statements (

      • I :   Consideration is necessary to create an agency Statements (I
      • I : No consideration is necessary to create an agency
      A Statements (I) is correct. (II) is incorrect Correct Answer Incorrect Answer
      B Statements (II) is correct. (I) is incorrect Correct Answer Incorrect Answer
      C Both statements are incorrect Correct Answer Incorrect Answer
      D Both statements are correct Correct Answer Incorrect Answer

      Solution

      Contract Act: Section 185 Consideration not necessary—No consideration is necessary to create an agency. —No consideration is necessary to create an agency."  

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