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Which of the following statements are true ? 1.Past consideration is no consideration under both Indian…

Past consideration is no consideration under English law, whereas Section 2(d) of the Indian Contract Act, 1872 treats a previously performed act as valid consideration;…

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Which of the following statements are true ?
1.Past consideration is no consideration under both Indian and English Law.
2.Past consideration is no consideration under Indian Law.
3.Past consideration is no consideration under English Law.
4.Past consideration means consideration is given earlier and the promise is made later.

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Answer and explanation

Correct answer C

Past consideration is no consideration under English law, whereas Section 2(d) of the Indian Contract Act, 1872 treats a previously performed act as valid consideration; past consideration simply means consideration furnished before the promise is made, so "3 and 4 are correct".

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