ExamVeda
Login
Home

Statement I An agreement to which the consent of the promisor...

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

Statement I: An agreement to which the consent of the promisor is freely given is not void merely, because the consideration is inadequate.
Statement II: Inadequacy of the consideration may be taken into account by the court in determining the question whether the consent of the promisor was freely given.
Choose the correct answer:

Answer & Solution
Correct Answer: Option A
Let's discuss the solution. Join the discussion
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.
Keep Learning

Related Questions on Indian Contract Act

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
More Related Questions on Indian Contract Act