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