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Law · Q1198

Indian Contract Act

Graduate and Post Graduate · Law · question 1198

Q1198

Consider the following statements with regard to law of contract: 1. Presence of consideration is essential but the same should be adequate. 2. Inadequacy of consideration may be considered as evidence for the presence of undue influence. Which of the statements given above is/are correct?

A.
1 only
B.
2 only
Answer
C.
Both 1 and 2
D.
Neither 1 nor 2

Answer: Option B

Solution

Answer: Option B
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