Indian Contract Act-Consideration

Consideration in a contract

May be anything

Noting in return

Some thing in return

May be illusory

Consideration means

Quid pro lo

Quid pro quo

Qui pro quo

Quid pro quod

Section ---- of the Indian Contract Act defines” Consideration”

Section 2(a)

Section 2 (b)

Section 2 (c )

Section 2 (d)

An essential feature of consideration is that

It must be cash

It must be given by the promisee alone

It must be at the request of the Promisor

It must be in kind

Consideration may be

past

present

future

either (a) or (b) or (c)

past consideration is ------- in India

Valid consideration

No consideration

Illegal consideration

Unlawful consideration

If A renders some service to B at B’s desire and after a Month B promises to compensate A for the service rendered to him, it is a

Present consideration

Past consideration

Future consideration

Not a consideration at all

Consideration must be something which the Promisor

Is already bound to do

Is not already bound to do

May voluntarily do

Must not do

A for natural love and affection, promises to give his son B Rs 1,000. A puts his promise to b into writing and registers it. This is a

a) Contract

b) Agreement

c) Promise

d) Offer

Mere nearness of relation does not necessarily imply natural love and ffection for making contracts without consideration valid.

a) True

b) Partly True

c) False

d) None of the above

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