Which of the following statement regarding

Q: Answer-Which of the following statement regarding ‘consideration’ 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

‘consideration’ in a contract is false?

A Consideration can be real or illusory Correct Answer Incorrect Answer

B Consideration may be past, present or future Correct Answer Incorrect Answer

C Consideration must move at the desire of the promisor Correct Answer Incorrect Answer

D All of the above Correct Answer Incorrect Answer

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

Practice Next

Relevant for Exams:

CBI APP and PP

Thank You for posting your query. Please check your email for further guidance

Please Register/Login to Download Question