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Consider the following statements- (1) Performance of a legal duty is...

This question belongs to Law Indian Contract Act
Indian Contract Act
?

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?

Answer & Solution
Correct Answer: Option C
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