CONTRACT LAW MCQS SET 30

CONTRACT LAW MCQS SET 30

Consideration

1. Consideration need not necessarily be provided by the promisee, it may flow from a third party also. Such a person is called
a) Stranger to contract
b) Stranger to consideration
c) Stranger to the court
d) Either (a) or (c)

2. Which of the following is correct ?
a) Consideration passed on behalf of another is valid
b) A ather promises his son while talking on cell phone to give half of his property. It is an enforceable promise
c) A contracts B in writing to pay all the time barred debts of C. it is a valid contract
d) Both (b) and (c) above

3. Marriage Settlement, Partition and other family Arrangements can be enforced by a beneficiary who is not a Party to the contract, only if such agreement is
a) Registered
b) Reduced to Writing
c) Either (a) or (b)
d) Both (a) and (b)

4. Which of the following is incorrect ?
a) Consideration must be something which the promise is aleady under a duty to do
b) Consideration must be valuable in the eye of the promisor
c) Consideration must be which the promise wants to do voluntarily
d) All of the above

5. A promises to pay Rs. 1,000 to B if he brings a star from sky to earth and B agrees to bring the star to earth. In this
case, contract is
a) Valid
b) Void as consideration is illusory
c) Illegal
d) Contingent

6. The forbearance to sue is regarded as
a) Invalid consideration
b) No consideration
c) Valid consideration
d) None of the above

7. Compromise of disputed claims is
a) Valid consideration
b) Invalid consideration
c) For bidden by law
d) Unlawful consideration

8. A promise to pay for past services is valid and binding even though it is without consideration. However, for the validity of such promise, the past services should have been rendered
a) Voluntarily
b) At promisor’s request
c) Under compulsion
d) Under some contract


9. For the enforcement of promise to pay a time –barred debt without consideration, which of the following conditions is not required ?
a) It must be in writing
b) It must be express
c) It must be signed by the promisor
d) It must be rgistered in a Court of law

10. Which of the following statements are correct ?
I.Consideration is not required for the creation of an agency.
II. Consideration is not required for making an actual gift.
III.Consideration is not required while entering into contract with relative.
IV. Consideration is not required for promise to pay time-barred debt.
a) (i),(ii), (iii)
b) (i), (i), (iv)
c) (ii) (iii) (iv)
d) (i), (iii), (iii)ANSWER:

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