Top 1000+ Solved Fundamentals of Laws and Ethics MCQ Questions Answer
Q. An executed consideration is
a. An act of mutual exchange of promises
b. An act done in the expectation of a proposal
c. An act done by one party as part of his promise
d. Past consideration
Q. An executory consideration is
a. A consideration promised by the executive of a company
b. A promise yet to be performed by both the parties
c. Liability is outstanding on both the sides
d. Both (b)&(c)
Q. In Indian Law consideration must have been done at the desire of the promisor, if it is done at the instanceof a third party or without the desire of the promisor, it is
a. Consideration
b. Not consideration
c. Offer
d. Promise
Q. P renders some service to D at D's desire. After a month D promises to compensate P for the servicerendered to him, it is a
a. Present consideration
b. Past consideration
c. Future consideration
d. None of these
Q. Where consideration is illegal or physically impossible, uncertain or ambiguous, it shall not be
a. Transferable by law
b. Unenforceable by law
c. Enforceable by law
d. None of these
Q. Which section of Indian Contract Act declares that an agreement made without consideration is void?
a. Section 23
b. Section 24
c. Section 25
d. Section 26
Q. A promise not supported by consideration is called a
a. Proposal
b. Acceptance
c. Agreement
d. Nudum pactum
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 of the following statement is incorrect
a. Consideration must be real
b. Performance of existing obligation is no consideration
c. Forbearance to sue is good a consideration
d. Agreements without consideration are always void
Q. A promise to pay a time barred debt is enforceable, if some conditions are fulfilled. Which of the following conditions is not required?
a. It must be signed by the promisor
b. It must be definite and express
c. It must be in writing
d. It must be registered
Q. A man cannot acquire rights under a contract to which he is not a party. Which one of the following is notan exception to this rule
a. Beneficiaries under trust
b. Family settlement
c. Gift
d. Assignment of rights
Q. A person is competent to contract if:
a. He has a PAN Card number
b. He has a Ration Card number
c. He fulfills the conditions of se 11
d. He is a graduate
Q. Which of the following is not competent to contract?
a. A minor
b. A person of unsound mind
c. A person who has been disqualified from contracting by some law
d. All of these
Q. Two persons have the capacity to contract
a. If both are not of unsound mind
b. If none is disqualified from contracting by any law to which he is subject
c. If both have attained the age of maturity
d. All of the above