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Consider the following statements-
(1) Performance of a legal duty is no consideration for a promise.
(2) Forbearance to sue has always been regarded as valuable consideration.
(3) It is not necessary that consideration should be adequate to the promise.
Which of the above statementls is/are correct?

Consider the following statements-
(1) Performance of a legal duty is no consideration for a promise.
(2) Forbearance to sue has always been regarded as valuable consideration.
(3) It is not necessary that consideration should be adequate to the promise.
Which of the above statementls is/are correct? Correct Answer (1), (2) and (3)

Related Questions

A partner cannot contract himself out of which of the following duties?
(1) Duty of utmost good faith, i.e. uberrimae fidei.
(2) Duty of carry on business to greatest common advantage.
(3) Duty to render true accounts and full information.
(4) Duty to indemnify for fraud.
(5) Duty to indemnify for willful neglect.
(6) Duty to properly use the firm's property.
Consider the following statements and point out which of them is correct?
1. An Agreement made without consideration is void.
2. Consideration should have some value in the eyes of the law.
3. Consideration has to be adequate.
Which of the statements given above is/are correct?
The following are the conditions for selecting list of a suitable candidates to be called for interview after the written test for the recruitment is conducted/ organized for management-level persons of a multi-national company. For providing accounting services and sales the candidate must (a) be holding a graduation in basic science with 65% or above or B.E degree with 55% and above marks (b) have passed the written test with 70% or above marks (c) the age must be in the group 25 to 30 yrs as on 1/4/18 (d) have experience in an accounting firms for three yrs and diploma in accounting with 60% or above marks (e) be presently drawing CTC of 6 Lakhs per annum and above In case the applicant who satisfies all other terms above except 1) at (a) above, then be referred as Junior Accountant 2) at (d) & (e) above then be referred as Trainee-Accountant Satisfying all the above with experience of 5 yrs then be referred as senior-Accountant Satisfying all the above criteria (a-e) with CA/ ICWA/ MBA (Finance) then be refereed as manager (Accounts) Read all the above information and answer the following question: Radha Mohan has done her graduation in physics with 58% of marks. She has passed the written examination with 76% of marks. She is 27 yrs as on June 2018. She has the experience in the accounting company for four years with salary of 7 Lakhs per annum. She also has passed diploma in accounting with 61% of marks. She may be referred for the position of:
The following are the conditions for selecting list of a suitable candidates to be called for interview after the written test for the recruitment is conducted/ organized for management-level persons of a multi-national company. For providing accounting services and sales the candidates must (a) be holding a graduation in basic science with 65% or above or B. E degree with 55% and above marks (b) have passed the written test with 70% or above marks (c) the age must be in the group 25 to 30 years as on 1/4/18 (d) have experience in an accounting firms for three years and diploma in accounting with 60% or above marks (e) be presently drawing CTC of 6 Lakhs per annum and above In case the applicant who satisfies all other terms above except 1) at (a) above, then be referred as Junior Accountant 2) at (d) & (e) above then be referred as Trainee-Accountant Satisfying all the above with experience of 5 years then be referred as senior-Accountant Satisfying all the above criteria (a-e) with CA/ ICWA / MBA (Finance) then be refereed as manager (Accounts) Read all the above information and answer the following question Shravani has passed H. SC with 72% of marks. She has done diploma in accountancy with 62% of marks. She was working with an organization in the field of accounting in the field of accounting from 4 years and was drawing CTC of 6.5 Lakhs presently. She is 28yrs as on July 2018. She may referred for the position of:
The following are the conditions for selecting list of a suitable candidates to be called for interview after the written test for the recruitment is conducted/organized for management - level persons for a multi - national company. For providing accounting services and sales the candidate must (a) be holding a graduation in basic science with 65% or above or B.E. degree with 55% and above marks (b) have passed the written test with 70% or above marks (c) the age must be in the group 25 to 30 years as on 1/4/18 (d) have experience in an accounting firms for three years and diploma in accounting with 60% or above marks (e)  be presently drawing CTC of 6 Lakhs per annum and above In case the applicant who satisfies all other terms above except 1) at (a) above, then be referred as Junior Accountant 2) at (d) & (e) above then be referred as Trainee - Accountant Satisfying all the above with experience of 5 years then the referred as senior-Accountant Satisfying all the above criteria (a - e) with CA/ICWA/MBA (Finance) then be referred as manager (Accounts) Read all the above information and answer the following question Praveen has done his Masters in physics. He has no experience in accounting neither diploma. He is ready to be on training for accounting after joining. For which position he may be referred
The following are the conditions for selecting a list of suitable candidates to be called for interview after the written test for the recruitment is conducted/ organized for management-level persons for a multi-national company. For providing accounting services and sales the candidate must (a) beholding graduation in basic science with 65% or above or B.E. degree with 55% and above marks (b) have passed the written test with 70% or above marks (c) the age must be in the group 25 to 30 years as on 1/4/18 (d) have experience in an accounting firm for three years and a diploma in accounting with 60% or above marks e) be presently drawing CTC 6 lakhs per annum and above In case the applicant who satisfies all other terms above except 1) at (a) above, then be referred to as Junior Accountant 2) at (d) & (e) above then be referred to as Trainee-Accountant Satisfying all the above with experience of 5 years then be referred to as senior-Accountant Satisfying all the above criteria (a-e) with CA/ICWA/MBA (Finance) then be referred to as manager (Accounts) Read all the above information and answer the following question   Praveen has done his Masters in physics. He has no experience in accounting neither diploma. He is ready to be on training for accounting after joining. For which position he may be referred.
Which of the following statements is/are not correct?
1. Stranger to the contract cannot sue in both English and Indian Laws.
2. Stranger to the contract can sue in both English and Indian Laws.
3. Consideration can move from promisee alone in English and Indian Laws.
4. Consideration can move from promisee or any other person in Indian Law.
Select the correct answer using the given below:
Consider the following statements:
1. An agreement made without adequate consideration is void.
2. A written and registered agreement made on account of a natural love and affection between the close relatives is not valid without adequate consideration.
Choose the correct option from below:
In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the fouralternatives.
Job performance is ______ by a number of factors. Motivation alone does not lead to increased performance. Ability and technology moderates the relationship
between motivation and performance. The higher the levels of ability and motivation the ______ the level of performance will be. However, increasing motivation
beyond an ______ level tends to ______ a dysfunctional result because it is ______ by an increased level of anxiety.
motivation and performance. The higher the levels of ability and motivation the ______ the level of performance will be.
With reference to the National Legal Services Authority, consider the following statements: 1. Its objective is to provide free and competent legal services to the weaker sections of society on the basis of equal opportunity. 2. It issues guidelines for the State Legal Services Authorities to implement the legal programmes and schemes throughout the country. Which of the statements given above is/are correct?