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?

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

X' in consideration of Rs. 10,000 lent by Y & Z, provides Y & Z jointly to repay them that sum with interest on a specified day. Y dies. The right to claim the performance

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

Which of the following act will not amount to 'fraud' within the meaning of Section 17 of The Indian Contract Act?

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