Multiple Choice Questions on A promises to pay an existing debt punctually if B the creditor gives him a discoint Is this conside........... for Judicial Services (Master) Preparation

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Multiple Choice Questions

A promises to pay an existing debt punctually if B the creditor gives him a discoint Is this conside...........

Indian Contract Act (ICA)1872 Consideration of Contract
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    A promises to pay an existing debt punctually if, B, the creditor, gives him a discoint. Is this consideration valid ?

    Yes , it is genuine consideration 

    Incorrect Answer

    No , Promisor is already bound to pay punctually

    Correct Answer

    No, inadequate consideration

    Incorrect Answer

    Yes , enforceable consideration

    Incorrect Answer
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    Explanation:

    No , Promisor is already bound to pay punctually

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