CLAT 2014 Question Paper with answer key for online practice
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Question : 156 of 200
Marks:
+1,
-0
Principle:
A contract which is duly supported by real and unlawful consideration is valid notwithstanding the fact that the consideration is inadequate. The quantum of consideration is for the parties to decide at the time of making a contract, and not for the courts (to decide) when the contract is sought to be enforced. An agreement to which the consent of the promisor is freely given is not void merely because the consideration is inadequate; but the inadequacy of the consideration may be taken into account by the Court in determining the question whether the consent of the promisor was freely given.
Facts:
'A', agrees to sell his mobile phone worth Rs. 20,000/- for Rs 100/- only to 'B'. A's consent is freely given. Which of the following derivations is CORRECT?
A contract which is duly supported by real and unlawful consideration is valid notwithstanding the fact that the consideration is inadequate. The quantum of consideration is for the parties to decide at the time of making a contract, and not for the courts (to decide) when the contract is sought to be enforced. An agreement to which the consent of the promisor is freely given is not void merely because the consideration is inadequate; but the inadequacy of the consideration may be taken into account by the Court in determining the question whether the consent of the promisor was freely given.
Facts:
'A', agrees to sell his mobile phone worth Rs. 20,000/- for Rs 100/- only to 'B'. A's consent is freely given. Which of the following derivations is CORRECT?
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