Which of the following is a consideration ?
(A) Gift
(B) Price
(C) Sale deed
(D) Rent
(E) Property
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → (B), (D), (E) only
In contract law, consideration refers to something of value exchanged between parties, which can include money, services, or property.
Let's analyze the options:
- (A) Gift: Not consideration in a contractual sense, as there is no exchange.
- (B) Price: Yes, this is consideration, typically in sales contracts.
- (C) Sale deed: No. This is a legal document, not consideration itself.
- (D) Rent: Yes, this is a form of consideration in lease agreements.
- (E) Property: Yes. Can be considered as consideration when involved in transactions, like sales.