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:
A. Both the statements are true
B. Both the statements are false
C. Only statement I is true
D. Only statement IIis true
Answer: Option A
This Question Belongs to Law >> 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
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
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