Which of the following statements are true? (i) Past consideration is no consideration under Indian and…
Under English law past consideration is no consideration, and past consideration by definition is that given before the promise, so "(iii) and (iv)" are true. Under Indian…
Choose your answer
Which of the following statements are true?
(i) Past consideration is no consideration under Indian and English Law.
(ii) Past consideration is no consideration under Indian Law.
(iii) Past consideration is no consideration under English Law.
(iv) Past consideration is made in past.
Answer and explanation
Correct answer C
Under English law past consideration is no consideration, and past consideration by definition is that given before the promise, so "(iii) and (iv)" are true. Under Indian law past consideration is good consideration by virtue of s.2(d), so propositions denying it under Indian law are wrong.
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