Millionaire Mode

Mercantile Laws Test - 4

Question 1 of 40

Which of the following statement is true?

  1. Consideration must result in a benefit to both parties.
  2. Past consideration is no consideration in India.
  3. Consideration must be adequate.
  4. Consideration must be something, which a promisor is not already bound to do.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000