Business Studies · Indian Contract Act 1872
According to the Indian Contract Act, 1872, consideration:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Is not required for a valid contract
- 2Cannot move from a third party under any circumstances
- 3Must strictly move only from the promisee
- 4Can move from the promisee or any other person (stranger to consideration)✓
Correct answer
Can move from the promisee or any other person (stranger to consideration)
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