Consideration
Online Mock Tests in Consideration in Mercantile Laws for the preparation of professional exams of ca cpt, ca foundation, cs foundation, cma foundation
Consideration-Test 2
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Subject : Mercantile Laws Questions : 30
Chapter : Consideration
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Question 1 of 30
1. Question
1 pointsAgreement without consideration is valid _______ .
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Question 2 of 30
2. Question
1 pointsIf a creditor does not file a suit against the buyer for recovery of the price within 3 years the debt becomes :
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Question 3 of 30
3. Question
1 pointsWhich of the following is incorrect :
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Question 4 of 30
4. Question
1 pointsIn Doctrine of Privity of Contract :
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Question 5 of 30
5. Question
1 pointsIn a contract, consideration under the provisions of the Indian Contract Act,1872
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Question 6 of 30
6. Question
1 pointsA condition cannot be treated as warranty where _______ .
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Question 7 of 30
7. Question
1 pointsWhich one of the following statements is not correct ?
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Question 8 of 30
8. Question
1 pointsWhich of the following is correct ?
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Question 9 of 30
9. Question
1 pointsWhich of the following is not an exception to the rule “No Consideration, No Contract” ?
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Question 10 of 30
10. Question
1 pointsUnder the Indian Contract Act, 1872, which one of the following is not an essential element of a contract ?
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Question 11 of 30
11. Question
1 pointsUnder the Indian Contract Act, 1872, which one of the following is not an essential element of a contract ?
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Question 12 of 30
12. Question
1 pointsA promise to pay time barred debt must be :
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Question 13 of 30
13. Question
1 pointsWhich of the following statements is true ?
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Question 14 of 30
14. Question
1 pointsAll agreements are contracts if they are made
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Question 15 of 30
15. Question
1 pointsEvery agreement of which the object or consideration is unlawful, is ____ .
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Question 16 of 30
16. Question
1 pointsThe provision regarding the legality of object and consideration is emphasised in
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Question 17 of 30
17. Question
1 pointsAn agreement with unlawful object or unlawful consideration is void. It is emphasised in
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Question 18 of 30
18. Question
1 pointsAn agreement for lawful consideration but with an unlawful object is ____ .
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Question 19 of 30
19. Question
1 pointsAn agreement with lawful object but for an unlawful consideration is _____ .
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Question 20 of 30
20. Question
1 pointsThe definition of both the unlawful object and unlawful consideration is given in
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Question 21 of 30
21. Question
1 pointsWhich of the following is not covered by heads of public policy ?
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Question 22 of 30
22. Question
1 pointsAn agreement is said to be opposed to public policy when it
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Question 23 of 30
23. Question
1 pointsWhere the object or consideration of an agreement is opposed to public policy, the agreement is ____ .
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Question 24 of 30
24. Question
1 pointsWhere the object or consideration of an agreement is fraudulent, the agreement is
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Question 25 of 30
25. Question
1 pointsA, B and C entered into an agreement to carry on some fraudulent business and to share the profit in equal shares. This agreement is
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Question 26 of 30
26. Question
1 pointsA agrees to pay rs.2 lakhs to B if he kills C. The agreement is
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Question 27 of 30
27. Question
1 pointsWhere the object or consideration of an agreement is forbidden by law, the agreement is
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Question 28 of 30
28. Question
1 pointsIn which of the following cases, the object or consideration of an agreement is considered unlawful ?
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Question 29 of 30
29. Question
1 pointsIn which of the following cases, the object or consideration of an agreement is not unlawful ?
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Question 30 of 30
30. Question
1 pointsIn which of the following cases, the consideration or object of an agreement is not considered unlawful ?
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