Inadequacy of consideration does not make the contract
A. Void
B. Voidable
C. Unenforceable
D. Neither void nor voidable
Answer: Option D
Solution (By Examveda Team)
Under the Indian Contract Act, 1872, consideration is one of the essential elements of a valid contract. However, Section 25 of the Act clarifies that inadequacy of consideration alone does not render a contract void or voidable.Consideration must be something of value in the eyes of law, but the law does not require that it be adequate, only that it be lawful.
Exception arises only if the consideration is so inadequate that it suggests coercion, fraud, or undue influence — in which case the contract may become voidable at the option of the aggrieved party.
Hence, inadequacy of consideration alone does not affect the validity of a contract, making it neither void nor voidable.
This Question Belongs to Law >> Indian Contract Act
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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
A is correct ans