CONTRACT LAW MCQS SET 26

CONTRACT LAW MCQS SET 26

Consideration

1. Out of the following which is/are valid consideration ?
a) Not to sue any person
b) Compromise of dispute
c) Composition of creditors
d) All of the above

2. An essential feature of consideration is that
a) It must be cash
b) It must be given by the prmisee alone
c) It must be at the request of the Promisor
d) It must be in kind

3. Past consideration means
a) Voluntary services rendered in the past
b) Something given by a party to another at the request of the Promisor and contract is made thereafter
c) Something done at the time of making a contract
d) Something to be given after formation of the contract

4. Consideration may be
a) past
b) present
c) future
d) either (a) or (b) or (c)

5. past consideration is ___ in England
a) valid consideration
b) no consideration
c) illegal consideration
d) unlawful consideration

6. past consideration is ------- in India.
a) Valid consideration
b) No consideration
c) Illegal consideration
d) Unlawful consideration

7. Which of the following is correct ?
a) Consideration is essential for a contract
b) Consideration is required for a contract when parties intend to
c) Both (a) or (b)
d) Neither (a) nor (b)

8. Consideration must be something which the Promisor
a) Is already bound to do
b) Is not already bound to do
c) May voluntarily do
d) Must not do

9. If a renders some service to B at B’s desire and after a Month B promises to compensate A for the service  endered
to him, it is a
a) Present consideration
b) Past consideration
c) Future consideration
d) Not a consideration at all

10. An Executory consideration
a) Is an outstanding liability on both the parties
b) Consists of a promise in future
c) Is a promise for a promise
d) All of the aboveANSWER:

1.d
2.c
3.b
4.d
5.b
6.a
7.a
8.b
9. b
10. d