Top 1000+ Solved Fundamentals of Laws and Ethics MCQ Questions Answer
Q. Consideration contemplated under Indian law is,
a. Past consideration only
b. Present consideration only
c. Past, present or future consideration
d. Monetary consideration only
Q. An agreement without consideration is void under
a. Sec. 25(1) of the Contract Act
b. Sec. 25(3) of the Contract Act
c. Se 25(2) of the Contract Act
d. None of the above clauses in sec. 25
Q. The exceptions to the doctrine of Privity of Contract include
a. Family settlements
b. Agreements
c. Assignment
d. All of these
Q. The latin term "quid pro quo" refers to :
a. Something in return
b. Stranger to consideration
c. Something sensible
d. Something valuable
Q. A stranger to a consideration can file a suit and such a stranger is
a. A person who is not a party to the contract
b. A person who has given consideration
c. A person who has not given consideration
d. A person who is a party to the contract but not given consideration
Q. Consideration must move at the desire of:
a. Promisor
b. Promisee
c. Third party
d. Any other person
Q. Consideration may be given by
a. The promisor
b. The promise
c. Any other person
d. The promisee or any other person
Q. A promise to pay a time-barred debt must be :
a. Oral
b. Written and signed
c. Registered
d. Written and registered
Q. Which are of the following statements is false.
a. Promisee or any other person may supply consideration
b. Past consideration is good Consideration
c. Consideration need not be adequate
d. Consideration should be adequate
Q. Which of the following statements is not true
a. Consideration must be real & not illusory
b. Consideration may be inadequate
c. Past consideration is no consideration
d. Consideration should not consist of a legal obligation
Q. The exceptions to the rule A stranger to a con tract cannot sue are
a. Beneficiaries in the case of trust
b. Family settlement
c. Assignment of contract
d. All the above
Q. A stranger to a consideration
a. Can file a suit
b. Cannot file a suit
c. Can file, only with consent of court
d. Is similar to stranger to a contract
Q. A stranger to a contract
a. Can file a suit
b. Can file a suit only with permission of court
c. Can file a suit, if contract is in writing
d. Cannot file a suit
Q. The inadequacy of consideration may be taken into account by the court:
a. In determining the question whether the consent of the promisor was freely given
b. Always in all the cases
c. When the parties complain
d. When the promisor has not performed his promise
Q. Consideration in a contract:
a. May be present only
b. May be past and present only
c. May be futuristic only
d. May be past, present and future