GLO_CWM_LVL_1 Exam Dumps | Mr. M by a Gift deed transferred certain property to her daughter, with a direction that daughter should

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Question 280/359

Mr. M by a Gift deed transferred certain property to her daughter, with a direction that daughter should pay an annuity to Mr. M's brother, as had been done by Mr. M. On the same day, the daughter executed a deed in writing in favour of Mr. M's brother, agreeing to pay annuity. Afterwards, she declined to fulfil her promise saying that no consideration had moved from her uncle. Which of the following statements is correct'?

A. There is no valid consideration in this contract.

B. The daughter is bound to pay annuity.

C. M's brother is a third party to the contract and cannot suc.

D. The daughter is not bound to pay annuity.

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Question 280/359

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