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Principle: A contract which is duly supported by real and lawful consideration is valid notwithstanding the fact that the consideration is inadequate. The quantum of consideration is for the parties to decide at the time of making a contract, and not for the courts (to decide) when the contract is sought to be enforced. An agreement to which the consent of the promisor is freely given is not void merely because the consideration is inadequate; but the inadequacy of the consideration may be taken into account by the Court in determining the question whether the consent of the promisor was freely given.Facts: 'A' agrees to sell his mobile phone worth Rs.20,000/- for 100/- only to 'B'. A's consent is freely given.Q.Which of the following derivations is CORRECT? a)There is a contract between 'A' and 'B'b)There is no contract between 'A' and 'B' because consideration is not adequatec)There is no contract between 'A' and 'B' because a mobile phone worth 20,000/- cannot be sold for just 100/-d)None of the above.Correct answer is option 'A'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Principle: A contract which is duly supported by real and lawful consideration is valid notwithstanding the fact that the consideration is inadequate. The quantum of consideration is for the parties to decide at the time of making a contract, and not for the courts (to decide) when the contract is sought to be enforced. An agreement to which the consent of the promisor is freely given is not void merely because the consideration is inadequate; but the inadequacy of the consideration may be taken into account by the Court in determining the question whether the consent of the promisor was freely given.Facts: 'A' agrees to sell his mobile phone worth Rs.20,000/- for 100/- only to 'B'. A's consent is freely given.Q.Which of the following derivations is CORRECT? a)There is a contract between 'A' and 'B'b)There is no contract between 'A' and 'B' because consideration is not adequatec)There is no contract between 'A' and 'B' because a mobile phone worth 20,000/- cannot be sold for just 100/-d)None of the above.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Principle: A contract which is duly supported by real and lawful consideration is valid notwithstanding the fact that the consideration is inadequate. The quantum of consideration is for the parties to decide at the time of making a contract, and not for the courts (to decide) when the contract is sought to be enforced. An agreement to which the consent of the promisor is freely given is not void merely because the consideration is inadequate; but the inadequacy of the consideration may be taken into account by the Court in determining the question whether the consent of the promisor was freely given.Facts: 'A' agrees to sell his mobile phone worth Rs.20,000/- for 100/- only to 'B'. A's consent is freely given.Q.Which of the following derivations is CORRECT? a)There is a contract between 'A' and 'B'b)There is no contract between 'A' and 'B' because consideration is not adequatec)There is no contract between 'A' and 'B' because a mobile phone worth 20,000/- cannot be sold for just 100/-d)None of the above.Correct answer is option 'A'. Can you explain this answer?.

Solutions for Principle: A contract which is duly supported by real and lawful consideration is valid notwithstanding the fact that the consideration is inadequate. The quantum of consideration is for the parties to decide at the time of making a contract, and not for the courts (to decide) when the contract is sought to be enforced. An agreement to which the consent of the promisor is freely given is not void merely because the consideration is inadequate; but the inadequacy of the consideration may be taken into account by the Court in determining the question whether the consent of the promisor was freely given.Facts: 'A' agrees to sell his mobile phone worth Rs.20,000/- for 100/- only to 'B'. A's consent is freely given.Q.Which of the following derivations is CORRECT? a)There is a contract between 'A' and 'B'b)There is no contract between 'A' and 'B' because consideration is not adequatec)There is no contract between 'A' and 'B' because a mobile phone worth 20,000/- cannot be sold for just 100/-d)None of the above.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of Principle: A contract which is duly supported by real and lawful consideration is valid notwithstanding the fact that the consideration is inadequate. The quantum of consideration is for the parties to decide at the time of making a contract, and not for the courts (to decide) when the contract is sought to be enforced. An agreement to which the consent of the promisor is freely given is not void merely because the consideration is inadequate; but the inadequacy of the consideration may be taken into account by the Court in determining the question whether the consent of the promisor was freely given.Facts: 'A' agrees to sell his mobile phone worth Rs.20,000/- for 100/- only to 'B'. A's consent is freely given.Q.Which of the following derivations is CORRECT? a)There is a contract between 'A' and 'B'b)There is no contract between 'A' and 'B' because consideration is not adequatec)There is no contract between 'A' and 'B' because a mobile phone worth 20,000/- cannot be sold for just 100/-d)None of the above.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Principle: A contract which is duly supported by real and lawful consideration is valid notwithstanding the fact that the consideration is inadequate. The quantum of consideration is for the parties to decide at the time of making a contract, and not for the courts (to decide) when the contract is sought to be enforced. An agreement to which the consent of the promisor is freely given is not void merely because the consideration is inadequate; but the inadequacy of the consideration may be taken into account by the Court in determining the question whether the consent of the promisor was freely given.Facts: 'A' agrees to sell his mobile phone worth Rs.20,000/- for 100/- only to 'B'. A's consent is freely given.Q.Which of the following derivations is CORRECT? a)There is a contract between 'A' and 'B'b)There is no contract between 'A' and 'B' because consideration is not adequatec)There is no contract between 'A' and 'B' because a mobile phone worth 20,000/- cannot be sold for just 100/-d)None of the above.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Principle: A contract which is duly supported by real and lawful consideration is valid notwithstanding the fact that the consideration is inadequate. The quantum of consideration is for the parties to decide at the time of making a contract, and not for the courts (to decide) when the contract is sought to be enforced. An agreement to which the consent of the promisor is freely given is not void merely because the consideration is inadequate; but the inadequacy of the consideration may be taken into account by the Court in determining the question whether the consent of the promisor was freely given.Facts: 'A' agrees to sell his mobile phone worth Rs.20,000/- for 100/- only to 'B'. A's consent is freely given.Q.Which of the following derivations is CORRECT? a)There is a contract between 'A' and 'B'b)There is no contract between 'A' and 'B' because consideration is not adequatec)There is no contract between 'A' and 'B' because a mobile phone worth 20,000/- cannot be sold for just 100/-d)None of the above.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Principle: A contract which is duly supported by real and lawful consideration is valid notwithstanding the fact that the consideration is inadequate. The quantum of consideration is for the parties to decide at the time of making a contract, and not for the courts (to decide) when the contract is sought to be enforced. An agreement to which the consent of the promisor is freely given is not void merely because the consideration is inadequate; but the inadequacy of the consideration may be taken into account by the Court in determining the question whether the consent of the promisor was freely given.Facts: 'A' agrees to sell his mobile phone worth Rs.20,000/- for 100/- only to 'B'. A's consent is freely given.Q.Which of the following derivations is CORRECT? a)There is a contract between 'A' and 'B'b)There is no contract between 'A' and 'B' because consideration is not adequatec)There is no contract between 'A' and 'B' because a mobile phone worth 20,000/- cannot be sold for just 100/-d)None of the above.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Principle: A contract which is duly supported by real and lawful consideration is valid notwithstanding the fact that the consideration is inadequate. The quantum of consideration is for the parties to decide at the time of making a contract, and not for the courts (to decide) when the contract is sought to be enforced. An agreement to which the consent of the promisor is freely given is not void merely because the consideration is inadequate; but the inadequacy of the consideration may be taken into account by the Court in determining the question whether the consent of the promisor was freely given.Facts: 'A' agrees to sell his mobile phone worth Rs.20,000/- for 100/- only to 'B'. A's consent is freely given.Q.Which of the following derivations is CORRECT? a)There is a contract between 'A' and 'B'b)There is no contract between 'A' and 'B' because consideration is not adequatec)There is no contract between 'A' and 'B' because a mobile phone worth 20,000/- cannot be sold for just 100/-d)None of the above.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CLAT tests.