Multiple Choice Questions on What is the minimum consideration required to create an agency ........ for Judicial Services Exam (JS) Preparation

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Multiple Choice Questions

What is the minimum consideration required to create an agency ........

Indian Contract Act (ICA)1872 Contract of Agency
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    What is the minimum consideration required to create an agency?

    Minimum of Rupees One Lakh

    Incorrect Answer

    Minimum of Rupees One Thousand

    Incorrect Answer

    No consideration at all is required

    Correct Answer

    Minimum of Rupees Ten Thousand

    Incorrect Answer
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    Explanation:

    Section 185 of the Contract Act – 
    185. Consideration not necessary. No consideration is necessary to create an agency.

    By: santosh
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