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Question

Consider the following statement:

Statements (I):   Consideration is necessary to create an agency

Statements (II): 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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