Indian Contract Act-Consideration
Test Your Knowledge of Indian Contract Act: Consideration
Welcome to the Indian Contract Act quiz focusing on the concept of consideration! This quiz will challenge your understanding of this crucial legal principle.
Key features of the quiz:
- Multiple choice questions
- Relevant to students and professionals alike
- Covers essential sections of the Indian Contract Act
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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