Test: Consideration- 1


30 Questions MCQ Test Business Laws for CA Foundation | Test: Consideration- 1


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This mock test of Test: Consideration- 1 for CA Foundation helps you for every CA Foundation entrance exam. This contains 30 Multiple Choice Questions for CA Foundation Test: Consideration- 1 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Consideration- 1 quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: Consideration- 1 exercise for a better result in the exam. You can find other Test: Consideration- 1 extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

 In case of completed gifts, consideration is 

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QUESTION: 2

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. 2500 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?

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QUESTION: 3

Contract created to restrict the rights related to legal proceedings is

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QUESTION: 4

Which of the following statement is true :

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QUESTION: 5

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

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QUESTION: 6

Which of the following is Void Contract?

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QUESTION: 7

Consideration in India may be: 

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QUESTION: 8

 Which of the following statements is true?

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QUESTION: 9

Which One of the following statements is true.

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QUESTION: 10

Agreement without consideration is valid when made ?

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QUESTION: 11

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

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QUESTION: 12

 Payment of time-barred debt is: 

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QUESTION: 13

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 : 

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QUESTION: 14

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

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QUESTION: 15

 Past consideration is valid in. 

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QUESTION: 16

 Stanger to a _________can sue.

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QUESTION: 17

A consideration is: 

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QUESTION: 18

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

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QUESTION: 19

Promise to pay a time barred debt given in writing is______

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QUESTION: 20

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

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QUESTION: 21

 There can be a stranger to a 

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QUESTION: 22

Contracts of love and affection are valid under which head. 

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QUESTION: 23

Past consideration is valid in:

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QUESTION: 24

Which of the following statements is true?

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QUESTION: 25

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

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QUESTION: 26

Consideration in India is: 

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QUESTION: 27

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 ?

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QUESTION: 28

Privity of Contract is subject to the exception:

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QUESTION: 29

Which of the following is not an exception to the rule “No Consideration, No Contract”?

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QUESTION: 30

 Consideration must move at the desire of: 

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Consideration must move at the desire of the promisor
It is a fundamental rule that the action or forbearance must be done at the desire of promisor. If it is not done at the desire of the promisor or done at the desire of a third party, then it will not be a valid consideration. Similarly, acts done voluntarily or services rendered without any request cannot constitute a valid consideration.

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