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Consider the following statements: Consideration is1.A motive for any promise2.A price for any promise3.Only a moral obligation4.Something of value in the eye of law of these statements.

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The CMA Foundation exam syllabus includes the following topics under the Fundamentals of Business Laws and Business Communication (FBLC) paper:
Indian Contract Act, 1872
Sale of Goods Act, 1930
Negotiable Instruments Act, 1881

Section A: Introduction, sources of law, legislative process in India, legal methods and court system in India 
 


Consider the following statements: Consideration is<br>1.A motive for any promise<br>2.A price for any promise<br>3.Only a moral obligation<br>4.Something of value in the eye of law of these statements.






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