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Which One of the following statements is true.
- a)Consideration must move at the desire of the promisor.
- b)Consideration has to be complete and lawful.
- c)An Agreement with Out Consideration is Valid
- d)Past Consideration is no Consideration
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Which One of the following statements is true.a)Consideration must mov...
Explanation:
Consideration is an essential element of a valid contract. It is the price paid by one party for the promise of the other party. It can be in the form of money, goods, services, or an act or forbearance to act. Here, option 'A' is the correct answer, and the explanation is as follows:
Consideration must move at the desire of the promisor:
This means that consideration must be given in exchange for the promise made by the promisor. It must be done at the promisor's request or desire. The consideration must be given voluntarily by the promisee, and it should not be coerced or forced upon the promisee.
Consideration must be lawful:
Consideration must be legal and not against the law or public policy. It must not involve any illegal activity or be against the interest of the public. If the consideration is unlawful, then the contract will be void.
An agreement with no consideration is invalid:
An agreement without consideration is not valid, as it lacks one of the essential elements of a contract. There must be a promise made by both parties and an exchange of consideration for the contract to be valid.
Past consideration is no consideration:
Past consideration is not considered as valid consideration. It means consideration that has already been given before the promise was made. If the promise is made after the act has been performed, it is not valid consideration.
In conclusion, consideration is an essential element of a valid contract. It must be given at the desire of the promisor and be lawful and complete. An agreement without consideration is invalid, and past consideration is not considered valid.
Consideration is an essential element of a valid contract. It is the price paid by one party for the promise of the other party. It can be in the form of money, goods, services, or an act or forbearance to act. Here, option 'A' is the correct answer, and the explanation is as follows:
Consideration must move at the desire of the promisor:
This means that consideration must be given in exchange for the promise made by the promisor. It must be done at the promisor's request or desire. The consideration must be given voluntarily by the promisee, and it should not be coerced or forced upon the promisee.
Consideration must be lawful:
Consideration must be legal and not against the law or public policy. It must not involve any illegal activity or be against the interest of the public. If the consideration is unlawful, then the contract will be void.
An agreement with no consideration is invalid:
An agreement without consideration is not valid, as it lacks one of the essential elements of a contract. There must be a promise made by both parties and an exchange of consideration for the contract to be valid.
Past consideration is no consideration:
Past consideration is not considered as valid consideration. It means consideration that has already been given before the promise was made. If the promise is made after the act has been performed, it is not valid consideration.
In conclusion, consideration is an essential element of a valid contract. It must be given at the desire of the promisor and be lawful and complete. An agreement without consideration is invalid, and past consideration is not considered valid.
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Community Answer
Which One of the following statements is true.a)Consideration must mov...
One of the legal requirement related to consideration is consideration must move at the desire of the promisor.
So, option 'a' is the correct answer.
There can be unlawful consideration in following situations:
- forbidden by law,
- defeat of the provisions of law,
- defeat of any rule for the time being in force in India,
- fraudulent,
- injury to the person or property of another,
- immoral,
- agreement opposed to public policy.
So, option 'b' is not true.
Section 25 says that agreement without consideration is void.
So, option 'c' is also not true.
In India Past consideration is valid. and consideration can be either past, or present, or future.
So, option 'd' is also incorrect.
So, option 'a' is the correct answer.
There can be unlawful consideration in following situations:
- forbidden by law,
- defeat of the provisions of law,
- defeat of any rule for the time being in force in India,
- fraudulent,
- injury to the person or property of another,
- immoral,
- agreement opposed to public policy.
So, option 'b' is not true.
Section 25 says that agreement without consideration is void.
So, option 'c' is also not true.
In India Past consideration is valid. and consideration can be either past, or present, or future.
So, option 'd' is also incorrect.
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Which One of the following statements is true.a)Consideration must move at the desire of the promisor.b)Consideration has to be complete and lawful.c)An Agreement with Out Consideration is Validd)Past Consideration is no ConsiderationCorrect answer is option 'A'. Can you explain this answer?
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