Consideration-Test 3

Consideration is not valid if it is

X promises to pay Y Rs.15 Lakhs if Y discovers treasure by magic. Here consideration is

X promises to pay an existing debt punctually if, Y the Creditor, gives him a discount. Is this consideration valid?

Which of the following is good and valid consideration ?

When one of the parties to the contract has performed its part of the promise, it is known as

X promises to pay Rs.5 Lakhs if Y murders Z. Here consideration is

X engages Y as his employee and promises to pay Y a “reasonable” salary for services rendered. Here, the consideration is

Where a witness who has received summons to appear at a trial, a promise to pay him anything beyond his expenses is

To make a valid contract, consideration should be available, and it should also be adequate

Is past consideration for a promise valid to create a contract ?

Expression as the natural love and affection B between parties standing in a near relation to each other is associated with

The consideration of an agreement is considered unlawful, if it is

1. forbidden by law
2. fraudulent
3. very expensive
4. immoral

An agreement without consideration is void expect in case of compensation for

Which of the following statements is true.

1. Agreements which fall within the scope of exceptions to considerations provided in Section 25 of the Indian Contract Act are not void for being without consideration
2. Voidable contracts are enforceable by law at the option of one or more option of the other of others
3. All the illegal agreements are void but all void agreements are not necessarily illegal
4. A contract which is enforceable by law becomes void when it ceases to be enforceable.

A contract without consideration is void there are exceptions. Which one of the following exceptions is correct ?

X finds Y’s purse, and gives it back to him Y promises to give X Rs.100. This is a/an-

An agreement not supported by consideration is called

Section ________ of the Indian Contract Act mentions three exceptions when an agreement, even though without consideration, is enforceable

Contract without consideration made on account of natural love and affection is

When a person promises to do something, he must get “something” in return, if he does not get “something” which is defined as “Consideration” in return, the contract is

Promise without consideration is

An agreement made without consideration is

“No Consideration, No Contract” is the rule of law

Section ______ of the Indian Contract Act declares that an agreement made without consideration is void.

What does the maxim “Ex Nudo pacto non oritur actio”, mean?

A person verbally promised the president of the Temple Committee to subscribe Rs.500 for rebuilding of a Temple. Later, he declined to pay the said amount. The agreement is void due to

Agreement without consideration is valid, when made

When ‘at the desire of the promisor, the promisee or any other person has done or abstained from doing, or does or abstain from doing, or promises to do or abstain from doing something’-such act or abstinence or promise is called

Consider the following statements: Consideration is

1. Motive for any promise
2. A price for any promise
3. Only a moral obligation
4. Something or value in the eye of law of these statements.

Past consideration means