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Which of the following statements is TRUE ? 1)Past consideration is a form of consideration and is valid. 2)Consideration need not move from the promise.

Which of the following statements isTRUE?

1)Past consideration is a form of consideration and is valid.

2)Consideration need not move from the promise.

3)Past consideration refers to an act performed before the promise is given.

4)Any act done for a promise can be valid consideration.

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