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Consider the following statements with regard to law of contract 1...

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

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?

Answer & Solution
Correct Answer: Option B
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