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If the promise is to be performed on a specified day, the Promisor may perform the promise"

• at any time on that specified day
• at any time during the usual hours of business on the specified day
• at any time on any day
• after the usual hours of business on the specified day

Consideration means a reasonable equivalent or other valuable benefit passed on

• By the Promisor to the beneficiary
• By the Promisee to the Promisor
• By the promisor to the promisee
• By the promise to the beneficiary

A applies to a Banker for a loan when the money market is very stringent Banker says that loan could be provided only at such high interest A s consent is

• Not obtained by undue Infuence
• Obtained by undue influence
• Not obtained by coercion
• Obtained by fraud

Consideration may be

• Executor
• Executed
• Either (a) or (b)
• Both (a) and (b)

Consideration in a contract

• May be anything
• Noting in return
• Some thing in return
• May be illusory

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