Business Studies · Indian Contract Act, 1872
Under the Indian Contract Act, 1872, which of the following statements is true regarding the doctrine of privity of contract and consideration?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1There cannot be a stranger to consideration, and there cannot be a stranger to a contract.
- 2There can be both a stranger to a contract and a stranger to consideration.
- 3There can be a stranger to a contract, but there cannot be a stranger to consideration.
- 4There can be a stranger to consideration, but there cannot be a stranger to a contract.✓
Correct answer
There can be a stranger to consideration, but there cannot be a stranger to a contract.
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