CA Foundation Consideration — practice questions
17 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Foundation Consideration in the app →Consideration in a contract must beConsideration is defined under which section of the Indian Contract Act, 1872?The expression 'quid pro quo' used in relation to consideration means:In Durga Prasad v. Baldeo, the promise to pay commission was unenforceable because the consideration (construcThe rule that consideration may move from the promisee or any other person (a stranger to consideration) was aThe principle that 'a stranger to a contract cannot sue upon it' is known as the doctrine of:Which of the following allows a person who is not a party to a contract to nonetheless enforce it?Under Explanation 2 to Section 25, the fact that consideration is inadequate:Past consideration is valid under Indian law provided that the past act was done:According to Section 2(d), consideration may be:A promise to pay money to a person for doing something he is already legally bound to do is:As a general rule under Section 25, an agreement made without consideration is:Which of the following is NOT an exception to the rule 'no consideration, no contract'?For an agreement made without consideration on the ground of natural love and affection to be valid under SectA written, signed promise to pay a debt barred by the law of limitation is enforceable without fresh consideraUnder Section 185, what consideration is necessary to create an agency?In Kedarnath v. Gorie Mohammad, a promise to subscribe to a charitable purpose was held enforceable because: