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Law · Q316

Indian Contract Act

Graduate and Post Graduate · Law · question 316

Q316

Which of the following statement/s is/are correct? Consideration is: 1. A price for any promise. 2. Only a moral obligation. 3. A motive for any promise. 4. Something of value in the eye of law.

A.
(1) and (3) are correct
B.
(1) and (4) are correct
Answer
C.
(2), (3) and (4) are correct
D.
(3) and (4) are correct

Answer: Option B

Solution

Answer: Option B
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