Business Studies · Indian Contract Act - Consideration
Which of the following statements regarding 'Consideration' under the Indian Contract Act, 1872 is NOT correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Consideration need not be sufficient, but it must be strictly 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 strictly adequate
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