Consideration-Test 1

Agreement without consideration is valid when made ?

Past consideration is valid in :

Consideration must move at the desire of :

Which of the following is not an exception to the rule, “No consideration, No contract”:

“Privity of Contract” is subject to the exception:

A who was badly in need of money offered to sell his piano worth Rs.8,500 to B for Rs.5,000. B refused to buy. A gradually lowered his price until RS.2,500 was reached, which B accepted. Before the piano was delivered A received an offer of a larger sum from X and he refused to carry out the contract with B claiming that the consideration was inadequate. Is A liable to pay damages to B for failure to carry out his part of contract ?

Rohan promises to make a gift of Rs.10,000 towards the repairs of a temple. The trustees of the temple on the faith of his promise incurs liabilities. Rohan does not pay. Can the trustees recover the promised amount from Rohan ?

The inadequacy of consideration will be taken into account by a court of law :

Consideration is defined in the Indian Contract Act, 1872 in :

A is indebted to B. He sells a trolley to C. C promises to pay all debts of A to B. If C fails to pay, B has no right to sue C because :

Which of the following is not the essentials of a valid consideration ?

Which of the following statements is correct ?

Which of the following statements is true ?

Newton owes Rs.18,000 to Johnson. Johnson promises to accept Rs.10,000 in full settlement of the account. The agreement is :

Which one of the following statements is true :

X and Y enter into an agreement to share the profits of the business carried on by both of them: This agreement is ______ .

Contract created to restrict the rights related to legal proceedings is

Promise to pay a time barred debt given in writing is _______ .

An agreement without consideration eration in case of natural love and affection is :

Stranger to a ______ can sue.

In a contract, consideration must be ________ and of some value.

In case of completed gifts, consideration is :

Contracts of love and affection are valid under which head.

There can be a stranger to a

Payment of time-barred debt is :

Consideration in India may be :

Which of the following is Void contract ?

A consideration is :

Which of the following statement is true :

An executed consideration is _______ .