CONTRACT LAW MCQS SET 25
Consideration
1. Which of the following is the recognized exception to the rule of privity of contract ?
a) Trust or charge
b) Marriage settlement and family arrangements
c) Acknowledgement of payment
d) All of the above
2. In which of, the following important cases, the exception of ‘trust or charge’ to the rule of privity of contract was recognized?
a) Lalman shukla Vs Gauri Dutt
b) Khuaja Mohdkhan vs Hussani Begum
c) Carlill vs Carbolic smoke ball Co
d) Balfour vs Balfour
3. A person who is not a party to the trust can enforce the same if the following conditions are satisfied.
a) He must be clearly named as a beneficiary under the trust or charge
b) The trust or charge in his favour must be of specific property
c) The benefit to the beneficiary must be of Rs. 50,000 or more
d) Both (a) and (b)
4. A person for whose benefit a prvision is made in partition deed of joint family property but he is not a party to such settlement,
a) Cannot sue as partition of property is not a recognized exeption
b) Can sue as it is a recognized exception to the rule of privity of contract
c) Can sue after becoming party to the settlement
d) Can sue only if court allow him to do so
5. A promises, for no consideration, to give to B Rs 1,000.
a) This is a void agreement
b) This is a valid agreement
c) This is a voidable agreement
d) None of the above
6. Consideration means
a) Quid pro lo
b) Quid pro quo
c) Qui pro quo
d) Quid pro quod
7. Consideration in a contract
a) May be anything
b) Noting in return
c) Some thing in return
d) May be illusory
8. Section ---- of the Indian Contract Act
defines” Consideration”
a) Section 2(a)
b) Section 2 (b)
c) Section 2 (c )
d) Section 2 (d)
9. “Consideration” means a reasonable equivalent or other valuable benefit passed on
a) By the Promisor to the beneficiary
b) By the Promisee to the Promisor
c) By the promisor to the promisee
d) By the promise to the beneficiary
10. Consideration means something which is of some value in the eyes of law. it may be some benefit to the plaintiff or somedetriment to the defedent. It was held in case of
a) Fazaladdin vs Panchanan Das
b) Thomas Vs Thomas
c) Currie vs Misa
d) None of the aboveANSWER:
1.da) Trust or charge
b) Marriage settlement and family arrangements
c) Acknowledgement of payment
d) All of the above
2. In which of, the following important cases, the exception of ‘trust or charge’ to the rule of privity of contract was recognized?
a) Lalman shukla Vs Gauri Dutt
b) Khuaja Mohdkhan vs Hussani Begum
c) Carlill vs Carbolic smoke ball Co
d) Balfour vs Balfour
3. A person who is not a party to the trust can enforce the same if the following conditions are satisfied.
a) He must be clearly named as a beneficiary under the trust or charge
b) The trust or charge in his favour must be of specific property
c) The benefit to the beneficiary must be of Rs. 50,000 or more
d) Both (a) and (b)
4. A person for whose benefit a prvision is made in partition deed of joint family property but he is not a party to such settlement,
a) Cannot sue as partition of property is not a recognized exeption
b) Can sue as it is a recognized exception to the rule of privity of contract
c) Can sue after becoming party to the settlement
d) Can sue only if court allow him to do so
5. A promises, for no consideration, to give to B Rs 1,000.
a) This is a void agreement
b) This is a valid agreement
c) This is a voidable agreement
d) None of the above
6. Consideration means
a) Quid pro lo
b) Quid pro quo
c) Qui pro quo
d) Quid pro quod
7. Consideration in a contract
a) May be anything
b) Noting in return
c) Some thing in return
d) May be illusory
8. Section ---- of the Indian Contract Act
defines” Consideration”
a) Section 2(a)
b) Section 2 (b)
c) Section 2 (c )
d) Section 2 (d)
9. “Consideration” means a reasonable equivalent or other valuable benefit passed on
a) By the Promisor to the beneficiary
b) By the Promisee to the Promisor
c) By the promisor to the promisee
d) By the promise to the beneficiary
10. Consideration means something which is of some value in the eyes of law. it may be some benefit to the plaintiff or somedetriment to the defedent. It was held in case of
a) Fazaladdin vs Panchanan Das
b) Thomas Vs Thomas
c) Currie vs Misa
d) None of the aboveANSWER:
2.b
3.d
4.b
5.a
6.b
7.c
8.d
9.c
10. b
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