Which of the following statements is true about consideration?
A. Past consideration is valid in India
B. Consideration must result in benefit to both the parties.
C. If there is no consideration, there is no contract
D. Consideration must be adequate.
Answer:A
Which of the following statements is true about consideration?
A. Past consideration is valid in India B. Consideration must result in benefit to both the parties. C. If there is no consideration, there is no contract D. Consideration must be adequate.