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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 merely because the consent of the promisor is freely given is not void 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. 20000 for Rs. 100 only to ‘B’ A’s consent is freely given.
- a)There is contract between ‘A’ and ‘B’
- b)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 100.
- c)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 1000
- d)None of the above
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Principle: A contract which is duly supported by real and lawful consi...
Based on the information provided, it seems that there is a contract between 'A' and 'B'. The principle states that a contract that is supported by real and lawful consideration is valid, regardless of whether the consideration is inadequate. In this case, 'A' has agreed to sell his mobile phone worth Rs. 20000 to 'B' for Rs. 100. This exchange of the mobile phone for money constitutes valid consideration and creates a contract between the two parties.
Therefore, the correct answer is a) There is a contract between 'A' and 'B'.
Most Upvoted Answer
Principle: A contract which is duly supported by real and lawful consi...
Mr. X promises to pay Mr. Y Rs. 10,000 for painting his house. Mr. Y agrees to paint the house and completes the work. However, Mr. X refuses to pay the amount agreed upon, stating that the consideration for the contract was inadequate.
Issue: Whether the contract between Mr. X and Mr. Y is valid despite the inadequacy of consideration?
Analysis: The principle states that a contract supported by real and lawful consideration is valid, even if the consideration is inadequate. The parties themselves have the right to decide the quantum of consideration at the time of making the contract. The court cannot interfere with their decision unless the consent of the promisor is not freely given.
In this case, Mr. X promised to pay Rs. 10,000 to Mr. Y for painting his house, and Mr. Y completed the work. This shows that there was a real and lawful consideration for the contract. The inadequacy of the consideration, i.e., Rs. 10,000 being less than the market rate for painting a house, cannot render the contract void.
Conclusion: The contract between Mr. X and Mr. Y is valid despite the inadequacy of consideration. The court cannot interfere with the quantum of consideration decided by the parties unless the consent of the promisor was not freely given. Therefore, Mr. X is liable to pay the amount promised to Mr. Y.
Issue: Whether the contract between Mr. X and Mr. Y is valid despite the inadequacy of consideration?
Analysis: The principle states that a contract supported by real and lawful consideration is valid, even if the consideration is inadequate. The parties themselves have the right to decide the quantum of consideration at the time of making the contract. The court cannot interfere with their decision unless the consent of the promisor is not freely given.
In this case, Mr. X promised to pay Rs. 10,000 to Mr. Y for painting his house, and Mr. Y completed the work. This shows that there was a real and lawful consideration for the contract. The inadequacy of the consideration, i.e., Rs. 10,000 being less than the market rate for painting a house, cannot render the contract void.
Conclusion: The contract between Mr. X and Mr. Y is valid despite the inadequacy of consideration. The court cannot interfere with the quantum of consideration decided by the parties unless the consent of the promisor was not freely given. Therefore, Mr. X is liable to pay the amount promised to Mr. Y.
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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 merely because the consent of the promisor is freely given is not void 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. 20000 for Rs. 100 only to ‘B’ A’s consent is freely given.a)There is contract between ‘A’ and ‘B’b)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 100.c)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 1000d)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
Question Description
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 merely because the consent of the promisor is freely given is not void 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. 20000 for Rs. 100 only to ‘B’ A’s consent is freely given.a)There is contract between ‘A’ and ‘B’b)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 100.c)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 1000d)None of the aboveCorrect 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 merely because the consent of the promisor is freely given is not void 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. 20000 for Rs. 100 only to ‘B’ A’s consent is freely given.a)There is contract between ‘A’ and ‘B’b)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 100.c)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 1000d)None of the aboveCorrect 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 merely because the consent of the promisor is freely given is not void 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. 20000 for Rs. 100 only to ‘B’ A’s consent is freely given.a)There is contract between ‘A’ and ‘B’b)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 100.c)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 1000d)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.
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 merely because the consent of the promisor is freely given is not void 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. 20000 for Rs. 100 only to ‘B’ A’s consent is freely given.a)There is contract between ‘A’ and ‘B’b)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 100.c)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 1000d)None of the aboveCorrect 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 merely because the consent of the promisor is freely given is not void 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. 20000 for Rs. 100 only to ‘B’ A’s consent is freely given.a)There is contract between ‘A’ and ‘B’b)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 100.c)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 1000d)None of the aboveCorrect 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 merely because the consent of the promisor is freely given is not void 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. 20000 for Rs. 100 only to ‘B’ A’s consent is freely given.a)There is contract between ‘A’ and ‘B’b)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 100.c)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 1000d)None of the aboveCorrect 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 merely because the consent of the promisor is freely given is not void 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. 20000 for Rs. 100 only to ‘B’ A’s consent is freely given.a)There is contract between ‘A’ and ‘B’b)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 100.c)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 1000d)None of the aboveCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT.
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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 merely because the consent of the promisor is freely given is not void 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. 20000 for Rs. 100 only to ‘B’ A’s consent is freely given.a)There is contract between ‘A’ and ‘B’b)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 100.c)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 1000d)None of the aboveCorrect 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 merely because the consent of the promisor is freely given is not void 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. 20000 for Rs. 100 only to ‘B’ A’s consent is freely given.a)There is contract between ‘A’ and ‘B’b)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 100.c)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 1000d)None of the aboveCorrect 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 merely because the consent of the promisor is freely given is not void 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. 20000 for Rs. 100 only to ‘B’ A’s consent is freely given.a)There is contract between ‘A’ and ‘B’b)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 100.c)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 1000d)None of the aboveCorrect 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 merely because the consent of the promisor is freely given is not void 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. 20000 for Rs. 100 only to ‘B’ A’s consent is freely given.a)There is contract between ‘A’ and ‘B’b)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 100.c)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 1000d)None of the aboveCorrect 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 merely because the consent of the promisor is freely given is not void 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. 20000 for Rs. 100 only to ‘B’ A’s consent is freely given.a)There is contract between ‘A’ and ‘B’b)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 100.c)There is no contract between ‘A’ and ‘B’ because a mobile phone worth Rs. 20000 cannot be sold for just Rs. 1000d)None of the aboveCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CLAT tests.
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