CA Foundation Exam > CA Foundation Questions > Which of the following statements is true?a)T...
Start Learning for Free
Which of the following statements is true?
- a)There can be a stranger to a consideration
- b)There can be a stranger to a contract
- c)There can be a stranger to a consideration and contract
- d)All of the above.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which of the following statements is true?a)There can be a stranger to...
Stranger to Consideration and Contract
Explanation:
A contract is an agreement between two or more parties that creates enforceable obligations that are legally binding. Consideration is something of value given by one party to the other in exchange for something else. It is an essential element of a contract. In general, parties to a contract must have given consideration for the contract to be valid.
Stranger to Consideration:
Consideration must move from the promisee or any other person. It means that consideration must be provided by the person to whom the promise is made or by someone else at the request of the promisee. A stranger to consideration is a person who does not provide any consideration for the contract. Such a person cannot enforce the contract.
For example, if A promises to pay B if C delivers goods to A, then C is a stranger to consideration because he has not provided any consideration for the contract. Therefore, C cannot enforce the contract against A.
Stranger to Contract:
A stranger to a contract is a person who is not a party to the contract. Such a person cannot enforce the contract. Only parties to a contract can enforce it.
For example, if A and B enter into a contract, C cannot enforce the contract because he is not a party to the contract.
Conclusion:
From the above explanation, it is clear that option 'A' is the correct answer. There can be a stranger to consideration, which means a person who does not provide any consideration for the contract and cannot enforce it. However, a stranger to a contract cannot enforce the contract because he is not a party to the contract.
Explanation:
A contract is an agreement between two or more parties that creates enforceable obligations that are legally binding. Consideration is something of value given by one party to the other in exchange for something else. It is an essential element of a contract. In general, parties to a contract must have given consideration for the contract to be valid.
Stranger to Consideration:
Consideration must move from the promisee or any other person. It means that consideration must be provided by the person to whom the promise is made or by someone else at the request of the promisee. A stranger to consideration is a person who does not provide any consideration for the contract. Such a person cannot enforce the contract.
For example, if A promises to pay B if C delivers goods to A, then C is a stranger to consideration because he has not provided any consideration for the contract. Therefore, C cannot enforce the contract against A.
Stranger to Contract:
A stranger to a contract is a person who is not a party to the contract. Such a person cannot enforce the contract. Only parties to a contract can enforce it.
For example, if A and B enter into a contract, C cannot enforce the contract because he is not a party to the contract.
Conclusion:
From the above explanation, it is clear that option 'A' is the correct answer. There can be a stranger to consideration, which means a person who does not provide any consideration for the contract and cannot enforce it. However, a stranger to a contract cannot enforce the contract because he is not a party to the contract.
Free Test
FREE
| Start Free Test |
Community Answer
Which of the following statements is true?a)There can be a stranger to...
It is general question there can be a stranger to a consideration.
|
Explore Courses for CA Foundation exam
|
|
Top Courses for CA FoundationView all
Question Description
Which of the following statements is true?a)There can be a stranger to a considerationb)There can be a stranger to a contractc)There can be a stranger to a consideration and contractd)All of the above.Correct answer is option 'A'. 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 Which of the following statements is true?a)There can be a stranger to a considerationb)There can be a stranger to a contractc)There can be a stranger to a consideration and contractd)All of the above.Correct answer is option 'A'. 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 Which of the following statements is true?a)There can be a stranger to a considerationb)There can be a stranger to a contractc)There can be a stranger to a consideration and contractd)All of the above.Correct answer is option 'A'. Can you explain this answer?.
Which of the following statements is true?a)There can be a stranger to a considerationb)There can be a stranger to a contractc)There can be a stranger to a consideration and contractd)All of the above.Correct answer is option 'A'. 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 Which of the following statements is true?a)There can be a stranger to a considerationb)There can be a stranger to a contractc)There can be a stranger to a consideration and contractd)All of the above.Correct answer is option 'A'. 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 Which of the following statements is true?a)There can be a stranger to a considerationb)There can be a stranger to a contractc)There can be a stranger to a consideration and contractd)All of the above.Correct answer is option 'A'. Can you explain this answer?.
Solutions for Which of the following statements is true?a)There can be a stranger to a considerationb)There can be a stranger to a contractc)There can be a stranger to a consideration and contractd)All of the above.Correct answer is option 'A'. 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 Which of the following statements is true?a)There can be a stranger to a considerationb)There can be a stranger to a contractc)There can be a stranger to a consideration and contractd)All of the above.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Which of the following statements is true?a)There can be a stranger to a considerationb)There can be a stranger to a contractc)There can be a stranger to a consideration and contractd)All of the above.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Which of the following statements is true?a)There can be a stranger to a considerationb)There can be a stranger to a contractc)There can be a stranger to a consideration and contractd)All of the above.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Which of the following statements is true?a)There can be a stranger to a considerationb)There can be a stranger to a contractc)There can be a stranger to a consideration and contractd)All of the above.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Which of the following statements is true?a)There can be a stranger to a considerationb)There can be a stranger to a contractc)There can be a stranger to a consideration and contractd)All of the above.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up
within 7 days!
within 7 days!
Takes less than 10 seconds to signup