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Which of the following types of consideration is valid?
- a)Past consideration
- b)Present consideration
- c)Future consideration
- d)All of the above
Correct answer is option 'D'. Can you explain this answer?
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Which of the following types of consideration is valid?a)Past consider...
Consideration can be categorized as past, present, or future. Past consideration refers to consideration that was given before the date of the promise. Present consideration refers to consideration that is given simultaneously with the promise. Future consideration refers to consideration that will be given in the future for the promise. All three types of consideration are valid and can support a contract. Therefore, all of the above options are correct.
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Which of the following types of consideration is valid?a)Past considerationb)Present considerationc)Future considerationd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
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Which of the following types of consideration is valid?a)Past considerationb)Present considerationc)Future considerationd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which of the following types of consideration is valid?a)Past considerationb)Present considerationc)Future considerationd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following types of consideration is valid?a)Past considerationb)Present considerationc)Future considerationd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.
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