Consideration – Test 5

The mother owes Rs.10,000 to her daughter. But this debt has become barred by the Limitation Act. The mother signs a written promise to pay Rs.3,000 on account of the debt. In this case which one of the following is correct ?

Which one of the following agreements is void for unlawful consideration

A Consideration is

“Consideration” means a reasonable equivalent or other valuable benefit passed on by the

Consideration for the benefit of a third party is not valid

X constructed a market at the instance of District Magistrate. Occupants of shops promised to pay X a commission on articles sold through their shops. Money was not spent by X at the request of the shop occupants, but a instance of a third person viz, the D M office. Which of the following statements is correct?

Consideration

An act of abstinence or promise under Section 2)d) of Indian Contract Act, is called

A consideration is

Consideration must move at the desire of the Promisor. If is done at the instance of a third party or without the desire of the Promisor. It is

Consideration must move at the desire of the Promisor. Hence, it is necessary that the promisor should benefit by the consideration

Under the Indian Contract Act, consideration may proceed from

X engages Y, an artist to paint a portrait of his uncle and promises to pay Y Rs.20,000 for the work. Later, X refuses to pay stating that consideration must move from his uncle. Which of the following statements is correct ?

As long as there is a consideration for a promise, it is immaterial who has furnished it

Consideration must be something which the Promisor

Consideration in a contract

An Executed Consideration is

If X renders some service to Y at Y’s desire and after a month Y promises to compensate X for the service rendered to him, it is a

An Executory Consideration

Which of the following statement is true ?

Which of the following is not an exception to the rule-No consideration, No contract

Which of the following statement is false? Consideration

Which of the following statement is false?

Which of the following statement is true ?

Inadequacy of consideration may be taken into account by the court in determining the question whether the _______ was freely given.

‘X’ Out of natural love and affection promises to give his newly wedded daughter-in-law a golden necklace worth Rs.20,000, ‘X’ made the promise in writing and signed it and delivered the same to the daughter-in-law.

Consideration can be explained as

‘X’ offered a reward of Rs. 1,000 for recovery of some valuable missing article, ‘Y’. Who did not know of this offer, found the articles and gave the same to ‘X’.

Past consideration means

Past consideration is valid in