Question

Select the correct statement from the following:

• A. Past consideration always consists of an act done in response to a positive promise.
• B. Executed consideration always consists of an act done in response to a positive promise.
• C. Executory consideration is not acceptable under the Contract Act, 1872
• D. None of the above

Answer 1

The Correct Option is B

The correct option is (B): Executed consideration always consists of an act done in response to a positive promise.