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If a renders some service to B at B’s desire and after a Month B promises to compensate A for the service rendered to him, it is a
Present consideration
Past consideration
Future consideration
Not a consideration at all
- Option 1: Present consideration
- This occurs when the exchange of promises or performance happens simultaneously.
- Example: A pays B for a service while B performs it.
- Option 2: Past consideration
- This occurs when a promise is made after an act is performed.
- In this scenario, A rendered a service before B promised compensation.
- Correct answer: Past consideration is applicable here.
- Option 3: Future consideration
- This involves a promise to perform an act in the future.
- Example: A and B agree today for A to provide a service next week.
- Option 4: Not a consideration at all
- This applies when no valid consideration supports a promise due to lack of any bargain or benefit.
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