Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Legal Aspects of Business Indian Contract Act, 1872
Statement I): Agreement without consideration is always valid.
Statement II): All contracts are agreements but all agreements are not contracts.
In the context of the above two statements, which one of the following codes is correct?
1
Statement I and II both are correct
2
Both Statements I and II are incorrect
3
Statement I is incorrect and Statement II is correct
4
Statement I is correct and Statement II is incorrect