Consideration must be mutual.
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Keep practicing — related questions
- Consideration must be of some value, but need not be:
- What two parties give and get as consideration must be of equal economic value.
- Which of the following statement is false? Consideration
- To create an agency,
- The successful working of a partnership depends upon mutual confidence and utmost good faith.
- To be consideration, a promise must be binding.
- The consideration should
- The following rule as to consideration is true: