The promises forming consideration for each other are called

Related MCQs

• A contract in which one person promises to compensate the other for the loss suffered by him, due to the conduct of the promisor or of any other person, is known as
• When the offers made by two persons to each other containing similar terms of bargain cross each other in post, they are known as
• X contracts to sell his scooter to Y for Rs. 50,000 and Y agrees to pay on delivery. Both the parties perform their promises. This is called
• A contract in which a person promises to discharge the liability of another person, in case of default by such person, is known as a
• In a contract of guarantee, a person who promises to discharge another’s liability is known as
• An agreement not supported by the consideration is called
• Consideration must move at the desire of-
• As a general rule, an agreement made without consideration is
• An agreement made with free consent to which the consideration is lawful but inadequate, is
• For the enforcement of a promise to pay a time-barred debt without consideration, which of the following condition is not required?