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Law · Q490

Indian Contract Act

Graduate and Post Graduate · Law · question 490

Q490

Consider the following statements- (1) Performance of a legal duty is no consideration for a promise. (2) Forbearance to sue has always been regarded as valuable consideration. (3) It is not necessary that consideration should be adequate to the promise. Which of the above statementls is/are correct?

A.
(1) only
B.
(2) and (3)
C.
(1), (2) and (3)
Answer
D.
(1) and (2)

Answer: Option C

Solution

Answer: Option C
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