Business Studies · Indian Contract Act - Consideration
Which of the following statements regarding 'consideration' under contract law is NOT correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Consideration need not be sufficient but it must be adequate.✓
- 2Consideration need not be adequate but it must be real and of some value in the eyes of law.
- 3Consideration may be past, present, or future.
- 4Consideration may move from the promisee or any other person.
Correct answer
Consideration need not be sufficient but it must be adequate.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Business Studies?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Indian Contract Act - Consideration MCQs →Want more practice questions on Indian Contract Act - Consideration?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Business Studies · Indian Contract Act - Consideration