Multiple choice

Assertion (A): Consideration need not be adequate. Reason (R): Consideration need not be equal to the market value, but it must be something which the law would regard as having some value.

  1. Both (A) and (R) are true and (R) is the correct explanation of (A).

  2. Both (A) and (R) are true and (R) is not the correct explanation of (A).

  3. (A) is true, but (R) is false.

  4. (A) is false, but (R) is true.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Consideration need not be adequate, but should be real.

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