Multiple choice

“Past consideration is no consideration.” This statement is

  1. correct under Indian Law of Contract

  2. correct under English Law of Contract

  3. correct both under Indian and English Laws of Contract

  4. Not correct under both Indian and English Laws of Contract

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

Under English Law, past consideration is no consideration and under Indian Law, past consideration is good consideration.