Can acceptance of a proposal occur without any reciprocal promise or performance of the conditions of the proposal?

Which one of the following statements regarding void and illegal agreements is correct under the Indian Contract Act, 1872?

In contract law, 'Past Consideration' means:

Which of the following statements correctly describe the legal concept of Assignment? I. It applies to a wide range of contractual rights, including tangible and intellectual property. II. It generally involves notifying the obligor about the transfer of rights. III. It mandates a formal endorsement by the assignor to be valid. IV. It is strictly limited to commercial transfers involving negotiable instruments. Choose the most appropriate answer from the options given below: