CONTRACT LAW MCQS SET 27

CONTRACT LAW MCQS SET 27

Consideration

1. Executor consideration can be
a) Positive
b) Negative
c) Neither (a) nor (b)
d) Either (a) or (b)

2. An executed consideration
a) Can be positive or negative
b) Liability is outstanding in one side only
c) Is an act against future promise
d) All of the above

3. Past consideration means
a) The price received in the past without making even a proposal
b) More price is received than expected
c) The service rendered at the request of the promisor in the past followed by a subsequent promise
d) All of the above

4. Executor consideration means
a) Past consideration
b) Present consideration
c) Future consideration
d) Both (a) and (b)

5. Executed consideration means
a) Present consideration
b) Past consideration
c) Future consideration
d) Voluntary services rendered in the past

6. A promises to pay an existing debt punctually if, B, the creditor, gives him a discoint. Is this consideration valid ?
a) Yes , it is genuine consideration
b) No , Promisor is already bound to pay punctually
c) No, inadequate consideration
d) Yes , enforceable consideration

7. Present consideration is valid in ----
a) India
b) England
c) Both (a) and (b)
d) Either (a) or (b)

8. Consideration may be
a) Executor
b) Executed
c) Either (a) or (b)
d) Both (a) and (b)

9. Where a witness who has received summons to appear at a trial, a promise to pay him anything beyond his expenses is
a) Void
b) Valid
c) Unlawful
d) illegal

10. a finds B’s mobile Phone, and gives it back to him. B promises to give A rs.500. This is a/an
a) agreement
b) contract
c) acceptance
d) offer
ANSWER:

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