Indian Contract Act-Consideration
Test Your Knowledge on Indian Contract Act: Consideration
Welcome to the Indian Contract Act Consideration Quiz! This quiz is specifically designed to test your understanding of the fundamental principles of consideration in contractual agreements.
Whether you're a student, a legal enthusiast, or just curious about contract law, this quiz covers important concepts such as:
- Definition and implications of consideration
- Contracts formed under unique situations
- The role of promises and agreements
Where a witness who has received summons to appear at a trial, a promise to pay him anything beyond his expenses is
Void
Valid
Unlawful
Illegal
A finds B’s mobile Phone, and gives it back to him. B promises to give A Rs. 500. This is a/an
Agreement
Contract
Acceptance
Offer
An agreement not supported by consideration is called
Nudum Pactum
Invalid consideration
Ab intio
Namo dat quod non habet
Promise without consideration is
Gratuitous
Devoid any legal obligation
Not binding on the Promisor
All of the above
A owes B Rs 1,000 but the debt is barred by Limitation Act. A makes a written promise to pay B Rs 500 on Account of this debt. The contract is
Void
Illegal
Valid
Unenforceable
€˜No Consideration No Contract’ does not apply to completed gifts
True
Partly True
False
None of the above
Which of the following is correct
Consideration may be past, present but not future
A contract is void if the consideration is inadequate
Acceptance to lesser sum in satisfaction of payment of a larger sum is valid in spite of inadequate consideration
A stranger to contract can enforce the contract
A person who is not a party to a contract
Cannot sue
Can sue
Can sue only in well recognized cases
Can sue the Government
The term privity of contract means
Stranger of contract
Contract is private
First party to contract
Second party to contract
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
Valid
Void as consideration is illusory
Illegal
Contingent
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