INTERVIEW QUESTIONS MERCANTILE LAW CONSIDERATION DETAILS

Question: The inadequacy of consideration will be taken into account by a court of law:
(a) Always at the discretion of the court
(b) When the promisor performs his promise
(c) When absence of free consent is pleaded in the formation of the contract
(d) When the promisor expresses his desire to get maximum return from his promise

Answer: (c) When absence of free consent is pleaded in the formation of the contract
Description: According to explanation 2 of Section 25, an agreement to which the consent of the promisor is freely given is not void merely because the consideration is inadequate; but the inadequacy of the consideration may be taken into account by the court in determining the question whether the consent of the promisor was freely given.

(c) When absence of free consent is pleaded in the formation of the contract
Description: According to explanation 2 of Section 25, an agreement to which the consent of the promisor is freely given is not void merely because the consideration is inadequate; but the inadequacy of the consideration may be taken into account by the court in determining the question whether the consent of the promisor was freely given. Source: CoolInterview.com

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