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Consideration must move at the desire of the___________.
- a)Promisor.
- b)Promisee.
- c)Any person
- d)Promisee or promissory or any other person
Correct answer is option 'A'. Can you explain this answer?
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Consideration must move at the desire of the___________.a)Promisor.b)P...
Consideration in Contract Law
In contract law, consideration refers to something of value that is exchanged between parties to a contract. It is an essential element for the formation of a legally binding agreement. Consideration can be in the form of money, goods, services, or a promise to do or refrain from doing something.
The Role of Promisor and Promisee
- Promisor: The promisor is the party who makes a promise to do or refrain from doing something. They are the one who is obligated to provide consideration.
- Promisee: The promisee is the party to whom the promise is made. They are the one who receives the benefit of the promise.
Understanding the Answer
The answer to the question is option A: Promisor. Consideration must move at the desire of the promisor. This means that it is the promisor's choice to provide consideration in exchange for the promise made.
Explanation
- The promisor has the power to decide whether or not they want to provide consideration.
- The promisee cannot force the promisor to provide consideration.
- The promisor's desire or willingness to provide consideration is crucial for the validity of the contract.
- If the promisor does not provide consideration, the promise may not be enforceable.
Conclusion
In contract law, consideration must move at the desire of the promisor. The promisor has the power to decide whether or not they want to provide consideration in exchange for the promise made. It is the promisor's choice that determines the validity of the contract.
In contract law, consideration refers to something of value that is exchanged between parties to a contract. It is an essential element for the formation of a legally binding agreement. Consideration can be in the form of money, goods, services, or a promise to do or refrain from doing something.
The Role of Promisor and Promisee
- Promisor: The promisor is the party who makes a promise to do or refrain from doing something. They are the one who is obligated to provide consideration.
- Promisee: The promisee is the party to whom the promise is made. They are the one who receives the benefit of the promise.
Understanding the Answer
The answer to the question is option A: Promisor. Consideration must move at the desire of the promisor. This means that it is the promisor's choice to provide consideration in exchange for the promise made.
Explanation
- The promisor has the power to decide whether or not they want to provide consideration.
- The promisee cannot force the promisor to provide consideration.
- The promisor's desire or willingness to provide consideration is crucial for the validity of the contract.
- If the promisor does not provide consideration, the promise may not be enforceable.
Conclusion
In contract law, consideration must move at the desire of the promisor. The promisor has the power to decide whether or not they want to provide consideration in exchange for the promise made. It is the promisor's choice that determines the validity of the contract.
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Consideration must move at the desire of the___________.a)Promisor.b)P...
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Consideration must move at the desire of the___________.a)Promisor.b)Promisee.c)Any persond)Promisee or promissory or any other personCorrect answer is option 'A'. Can you explain this answer?
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