Correct option is D
Adequate consideration is not essential for a contract to be valid under the Indian Contract Act, 1872. The law only requires that consideration be something of value in the eyes of the law (valuable consideration) and that it be lawful. Whether the consideration is adequate is irrelevant as long as it is agreed upon by the parties.
Information Booster:
The principle of "consideration" is fundamental to the formation of a contract. However, the law does not require the consideration to be equivalent to the promise made. Courts generally do not evaluate the adequacy of consideration unless there is evidence of fraud, coercion, or undue influence.
Additional Knowledge:
· Consideration: Something of value exchanged between the parties.
· Valuable consideration: Consideration must have some value in the eyes of the law.
· Lawful consideration: The consideration must not be illegal, immoral, or against public policy.
