Which one of the following sentences is correct as per the Indian Contract Act?
Section 2(d) of the Indian Contract Act, 1872 defines consideration as an act, abstinence or promise done or made at the desire of the promisor by the promisee or any other…
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Which one of the following sentences is correct as per the Indian Contract Act?
Answer and explanation
Correct answer D
Section 2(d) of the Indian Contract Act, 1872 defines consideration as an act, abstinence or promise done or made at the desire of the promisor by the promisee or any other person. Hence "In India, consideration must follow from promisee or any other person" is correct, and consideration may flow from a third party.
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