In India, consideration for a promise may be furnished by:
APromisee or even a stranger
BOnly the promisee in person
COnly a registered person
DOnly the promisor's agent
Answer & Solution
Correct answer: A. Promisee or even a stranger
Indian law does not insist that the promisee supply it, so a stranger to the contract may do so.
Keep practising Nature of Contracts
Browse all Nature of Contracts questions for CA Foundation, or explore more Businesslaw topics.
Related questions
England passed the Statute of Frauds, favouring written contracts, in:Obligations that are voluntarily undertaken and owed to specific persons are traditionallyA peppercorn in contract law is an example of:If the law does not require a contract to be written, an oral contract is generally:An agreement to agree on key terms later is:In commercial agreements, the presumption is that the parties intend to:Domestic agreements between parent and child are typically:Mutual assent in forming a contract is also called a: