Question

Consideration should be something in return of promise which

• A. Both the law and parties regard, as having some value
• B. Only law regards as having some value
• C. Only parties regard some value
• D. Only adequate value necessary

Hint:

Consideration must have value in the eyes of the law and parties, but it need not be adequate.

Answer 1

The Correct Option is A

Under Section 2(d) of the Indian Contract Act, 1872, consideration is something done or promised at the promisor’s request, which both the law and the parties regard as having value. Adequacy of consideration is not necessary. Thus, the correct answer is: \[ {\text{Both the law and parties regard, as having some value}} \]