Whether consideration under a contract, for the contract to be valid, can only be exchanged between the parties to the contract, and not by or between third persons who are not parties to the contract?
A. Consideration can be paid even by third party to a contract
B. Consideration to a contract cannot be paid by third party to a contract, except when payment is by a negotiable instrument
C. Consideration can be exchanged even between third parties to a contract but only when third parties are legal heirs of the original parties to the contract
D. Consideration can be exchanged between persons who are not parties to the contract if at least some part of the consideration is received between the parties to the contract
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
Join The Discussion