CA Foundation Exam  >  CA Foundation Questions  >  An Executed Consideration is :a)An act of mut... Start Learning for Free
An Executed Consideration is : 
  • a)
    An act of mutual exchange of promises 
  • b)
    An act done in the expectation of a proposal 
  • c)
    An act done in response to a positive promise 
  • d)
    All of the above 
Correct answer is 'C'. Can you explain this answer?
Verified Answer
An Executed Consideration is :a)An act of mutual exchange of promisesb...
A consideration which consists of the performnance, it is "executed" i.e. an act done in response to a positive promise. Where it consists only of a promise it is executory. For example where A pays Rs. 5,000 to B to deliver certain quantity of rice, to which B agrees, here consideration for B is executed by 'A' as he has already paid Rs 5,000 where as B's promise is executory as he is yet to deliver the rice.
View all questions of this test
Most Upvoted Answer
An Executed Consideration is :a)An act of mutual exchange of promisesb...
Executed consideration is where the promisor asks for something in exchange for his promise and the promisee provides consideration by giving the promisor what he has requested.

Explore Courses for CA Foundation exam
An Executed Consideration is :a)An act of mutual exchange of promisesb)An act done in the expectation of a proposalc)An act done in response to a positive promised)All of the aboveCorrect answer is 'C'. Can you explain this answer?
Question Description
An Executed Consideration is :a)An act of mutual exchange of promisesb)An act done in the expectation of a proposalc)An act done in response to a positive promised)All of the aboveCorrect answer is 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about An Executed Consideration is :a)An act of mutual exchange of promisesb)An act done in the expectation of a proposalc)An act done in response to a positive promised)All of the aboveCorrect answer is 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An Executed Consideration is :a)An act of mutual exchange of promisesb)An act done in the expectation of a proposalc)An act done in response to a positive promised)All of the aboveCorrect answer is 'C'. Can you explain this answer?.
Solutions for An Executed Consideration is :a)An act of mutual exchange of promisesb)An act done in the expectation of a proposalc)An act done in response to a positive promised)All of the aboveCorrect answer is 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of An Executed Consideration is :a)An act of mutual exchange of promisesb)An act done in the expectation of a proposalc)An act done in response to a positive promised)All of the aboveCorrect answer is 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of An Executed Consideration is :a)An act of mutual exchange of promisesb)An act done in the expectation of a proposalc)An act done in response to a positive promised)All of the aboveCorrect answer is 'C'. Can you explain this answer?, a detailed solution for An Executed Consideration is :a)An act of mutual exchange of promisesb)An act done in the expectation of a proposalc)An act done in response to a positive promised)All of the aboveCorrect answer is 'C'. Can you explain this answer? has been provided alongside types of An Executed Consideration is :a)An act of mutual exchange of promisesb)An act done in the expectation of a proposalc)An act done in response to a positive promised)All of the aboveCorrect answer is 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice An Executed Consideration is :a)An act of mutual exchange of promisesb)An act done in the expectation of a proposalc)An act done in response to a positive promised)All of the aboveCorrect answer is 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev