CA FOUNDATION - CONSIDERATION MCQ 13 Created on July 11, 2023 By admin Consideration MCQ 1 / 11 If there is no consideration, then _________. The agreement is void The agreement is valid The agreement is illegal The agreement is voidable 2 / 11 A valid consideration has the following essential elements : It must move at the desire of the promisor Consideration may be supplied by the promisee or any other person Consideration may be past, present or future All the above 3 / 11 The latin term “quidpro quo” refers to : Something in return Stranger to consideration Something sensible Something valuable 4 / 11 Past consideration means _________. Money received in the past without making even a proposal The price which is more than the promisee’s expectation A past act done before the promise is made None of the above 5 / 11 An agreement not supported by consideration is called: Consensus ad idem Ignoratia juris non execuset Ab initio Nudum Pactum 6 / 11 A stranger to a contract _________. Can file a suit Can file a suit only with permission of court Can file a suit, if contract is in writing Cannot file a suit 7 / 11 A stranger to a consideration _________. Can file a suit Cannot file a suit Can file, only with consent of court Is similar to stranger to a contract 8 / 11 A promise to pay a time-barred debt must be : Oral Written and signed Registered Written and registered 9 / 11 In India, a person who is stranger to the consideration _________. Can sue on the contract, if he is a party Cannot sue the contract Depends on the parties Depends on the circumstances 10 / 11 A promise to pay a time barred debt is enforceable, if some conditions are fulfilled. Which of the following conditions is not required? It must be signed by the promisor It must be definite and express It must be in writing It must be registered 11 / 11 X promised Y, a priest, to pay ₹ 10,000 as char-ity. The priest on X’s promise incurred certain liabilities towards the repairing of the temple to the extent of ₹ 7,500. Y, the priest, can recover from X _________. ₹ 10,000 ₹ 7,500 Nothing ₹ 7,500 plus damages Your score isThe average score is 61% LinkedIn Facebook VKontakte 0% Restart quiz 7 Created on July 11, 2023 By admin Consideration T/F 1 / 17 Inadequacy of consideration does not affect the validity of a contract. True False 2 / 17 A stranger to the contract can enforce the contract. True False 3 / 17 Consideration is essential for the validity of a contract in all cases. True False 4 / 17 Forbearance to sue or compromising disputed claim is no good consideration. True False 5 / 17 A stranger to the consideration can enforce the contract. True False 6 / 17 Consideration must move simultaneously with promise. True False 7 / 17 Consideration need not be material and may even be abstract. True False 8 / 17 Inadequacy of consideration cannot be taken into account by the court in determining whether the consent was given freely. True False 9 / 17 According to the doctrine of “Privity of contract”, a stranger to a contract, if he is beneficiary cannot enforce the contract. True False 10 / 17 Past consideration is no consideration. True False 11 / 17 No consideration is required to create agency. True False 12 / 17 Adequacy of consideration is essential for validity of a contract. True False 13 / 17 A promise to pay a time barred debt is not enforceable. True False 14 / 17 Consideration may move even from a person who is not a party to the contract. True False 15 / 17 In discharge of the whole claim, a party to the contract agrees to accept a lesser amount than due, from the other party is a valid contract inspite of inadequate consideration. True False 16 / 17 In the Indian Law, consideration must move from the promisee only. True False 17 / 17 The manufacture of goods can enforce conditions imposed upon the dealer against the sub-dealer. True False Your score isThe average score is 61% LinkedIn Facebook VKontakte 0% Restart quiz
