Question

A promise or set of promises forming consideration to each other-is known as:

A promise or set of promises forming consideration to each other-is known as:

.

Option A: Proposal
Option B: Consideration
Option C: Agreement
Option D: Contract

Correct Answer

Option: c

Explanation

Section 2(e) of the Indian Contract Act, 1872 provides that every promise and every set of promises, forming the consideration for each other, is an agreement.

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