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Past consideration is valid in.
- a)England only
- b)India only
- c)Both
- d)None
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Past consideration is valid in.a)England onlyb)India onlyc)Bothd)NoneC...
Explanation:
Past consideration refers to an act done prior to the promise being made. In contract law, past consideration is not considered to be valid consideration because the act was done before the promise was made.
In India, as per the Indian Contract Act, 1872, past consideration is not considered as valid consideration for a contract. This means that if a promise is made after an act has already been performed, it cannot be enforced, as there was no consideration at the time the promise was made.
In England, however, there are certain exceptions to this rule. The doctrine of "practical benefit" and "legal liability" are two exceptions to the rule of past consideration. If the act performed had resulted in a practical benefit to the promisor or had imposed a legal liability on the promisor, then past consideration may be considered valid in England.
Therefore, the correct answer to the question is option B - India only. In India, past consideration is not considered valid consideration for a contract.
Past consideration refers to an act done prior to the promise being made. In contract law, past consideration is not considered to be valid consideration because the act was done before the promise was made.
In India, as per the Indian Contract Act, 1872, past consideration is not considered as valid consideration for a contract. This means that if a promise is made after an act has already been performed, it cannot be enforced, as there was no consideration at the time the promise was made.
In England, however, there are certain exceptions to this rule. The doctrine of "practical benefit" and "legal liability" are two exceptions to the rule of past consideration. If the act performed had resulted in a practical benefit to the promisor or had imposed a legal liability on the promisor, then past consideration may be considered valid in England.
Therefore, the correct answer to the question is option B - India only. In India, past consideration is not considered valid consideration for a contract.
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Past consideration is valid in.a)England onlyb)India onlyc)Bothd)NoneCorrect answer is option 'B'. Can you explain this answer?
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