Practice free →
HomeCLAT (NLU Prep)lawFormation of Contract › The term "consideration" in Section 2(d) may be …

The term "consideration" in Section 2(d) may be furnished by

A{'text': 'The promisee or any other person at the desire of the promisor', 'label': 'A'}
B{'text': 'Only the promisor himself acting on his own account', 'label': 'B'}
C{'text': 'Only the promisee acting on his own account', 'label': 'C'}
D{'text': 'Only a promisee who has attained the age of majority in law', 'label': 'D'}
Answer & Solution
Correct answer: A. {'text': 'The promisee or any other person at the desire of the promisor', 'label': 'A'}
1. Section 2(d) defines consideration widely. 2. It may consist of an act, abstinence or promise done or made at the desire of the promisor. 3. Crucially, it may be furnished by the promisee or by any other person. 4. Indian law thus recognises consideration flowing from a stranger to the contract, unlike English law. _Source: Indian Contract Act, 1872 (indiacode.nic.in), S. 2(d)_
Solve this in the app — CLAT (NLU Prep) practice & 24k+ MCQs →
Related questions