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)
D. (1) and (2)
Answer: Option C
Indian Contract Act:- Gods displayed in showcase of a shop with price tag is -
A. Invitation to offer
B. Counteroffer
C. Communication
D. None of these
A. Is available to Y's representatives alone
B. Is available to Z alone
C. Is available to Y's representatives & Z both
D. Is available to Y's representatives & after the death of Z, his representatives
Moses v. Macferlan (1555-1774) is a case relating to
A. Theory of unjust enrichment
B. The right of lien
C. Test of agency
D. Doctrine of frustration
A. The active concealment of a fact by one having knowledge or belief of the fact
B. A promise made without any intention of performing it
C. The suggestion, as a fact, of that which is true, by one who does believe it to be true
D. None above
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