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 & Solution

Correct Answer: Option A

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Whether consideration under a contract for the contract to be valid...

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?

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