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  • Legal and Regulatory Aspects of Bank (JAIIB)
  • A contract without ________ is void.
Multiple choice

A contract without ________ is void.

  1. cash

  2. consideration

  3. indemnity

  4. guarantee

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Agreement without consideration is void, unless it is in writing and registered or is a promise to compensate for something done or is a promise to pay a debt barred by limitation law.

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