CA Foundation Consideration — practice questions

Explore 2 free Consideration questions in CA Foundation Business Laws. Open each question or exercise to read its content, reference answers and available explanation.

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Consideration questions and exercises with answers

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True or false: considerationRead the answer and worked solution →Which one does NOT belong?Read the answer and worked solution →

Worked practice questions

True or false: consideration

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Questions

Statement is true
Yes
Statement
A contract requires a lawful consideration.
Statement is true
Yes
Statement
Consideration may move at the desire of the promisor.
Statement is true
Yes
Statement
An agreement with no consideration at all is generally void.
Statement is true
No
Statement
Consideration must always be money.

Instructions

Decide whether each statement about consideration is true or false.

_Source: The Indian Contract Act 1872 bare act, 10. What agreements are contracts_

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Which one does NOT belong?

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Questions

Items
1. Written contract
2. Free consent
3. Competent parties
4. Lawful object
Reason
The Act does not require a contract to be in writing to be valid, unlike the other three.
Odd item
Written contract
Items
1. Coercion
2. Consideration
3. Undue influence
4. Fraud
Reason
Consideration is a requirement of a valid contract, not a flaw that spoils consent.
Odd item
Consideration

Instructions

Tap the item that does not belong with the rest.

_Source: The Indian Contract Act 1872 bare act, 7. Acceptance must be absolute_

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