Consideration in a contract must be
Asomething of value moving at the desire of the promisor
Bgiven only by the promisee
Calways monetary
Dalways adequate
Answer & Solution
Correct answer: A. something of value moving at the desire of the promisor
Section 2(d): consideration is something done/abstained at the promisor's desire; it need not be adequate but must have some value.
Related questions
In Kedarnath v. Gorie Mohammad, a promise to subscribe to a charitable purpose was held enUnder Section 185, what consideration is necessary to create an agency?A written, signed promise to pay a debt barred by the law of limitation is enforceable witFor an agreement made without consideration on the ground of natural love and affection toWhich of the following is NOT an exception to the rule 'no consideration, no contract'?As a general rule under Section 25, an agreement made without consideration is:A promise to pay money to a person for doing something he is already legally bound to do iAccording to Section 2(d), consideration may be: