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Test: Consideration- 2 - CA Foundation MCQ


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15 Questions MCQ Test - Test: Consideration- 2

Test: Consideration- 2 for CA Foundation 2024 is part of CA Foundation preparation. The Test: Consideration- 2 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Consideration- 2 MCQs are made for CA Foundation 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Consideration- 2 below.
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Test: Consideration- 2 - Question 1

 Which of the following statements is correct?

Test: Consideration- 2 - Question 2

Contract created to restrict the rights related to legal proceedings is

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Test: Consideration- 2 - Question 3

X and Y enter into an agreement to share the profits of the business Carried on by both of them: This agreement is ________.

Test: Consideration- 2 - Question 4

Past consideration is valid in:

Test: Consideration- 2 - Question 5

Which of the following statements is true?

Test: Consideration- 2 - Question 6

 A promise to pay time barred debt must be:

Test: Consideration- 2 - Question 7

 Newton owes Rs. 18,000 to Johnson. Johnson promises to accept Rs. 10,000 in full settlement of the account. The agreement is:

Test: Consideration- 2 - Question 8

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

Test: Consideration- 2 - Question 9

Agreement without consideration is valid when made ?

Test: Consideration- 2 - Question 10

There can be a stranger to a 

Test: Consideration- 2 - Question 11

Stanger to a ________ can sue.

Test: Consideration- 2 - Question 12

Which of the following is Void Contract?

Test: Consideration- 2 - Question 13

An executed consideration is _______.

Test: Consideration- 2 - Question 14

Privity of Contract is subject to the exception:

Test: Consideration- 2 - Question 15

In case of completed gifts, consideration is 

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