Every promise and every set of promises forming the consideration for each other____________?

Related Mcqs:

1. A promises to superintend on behalf of B, a legal manufacture of indigo and an illegal traffic in other articles, B promises to pay A salary of 10,000/- rupees year. The agreement is void the object of A’s promise, and consideration for B’s promise being in part________________?

   A. Lawful
   B. Unlawful
   C. Both (a) and (b)
   D. None of above

2. Promise which forms the consideration or part of the consideration for each other is called_______________?

   A. Simple promise
   B. Conditional promise
   C. Reciprocal promise
   D. None of above

3. A in consideration that B will employ C in collecting the rent of B’s zamindari, promises B to be responsible, to the amount of 5000 rupees for the due collection and payment by C of those rents. This is a________________?

   A. Restricted guarantee
   B. Continuing guarantee
   C. Limited guarantee
   D. None of above

4. A contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself or by the conduct of any other person is called______________?

   A. Surety contract
   B. Simple contract
   C. Contract of indemnity
   D. None of above

5. A promises to pay B a sum of money if a certain ship return within a year. The Contract may be enforced if the ship returns with the year, and becomes __________________ if the ship is burnt within the year?

   A. Void
   B.
   Voidable
   C. Both A and B
   D. None of above

6. Reciprocal promises should be performed ____________________?

   A. Like simple contract
   B. In reciprocal manners
   C. Both A and B
   D. None of above

7. The contract of guarantee is a contract in which a person perform the promise or discharge the liability of__________________?

   A. The contractor
   B. Stranger
   C. Third person
   D. None of above

8. In order to convert a proposal into a promise the acceptance must be______________?

   A. Conditional
   B. Unconditional
   C. Absolute
   D. None of above

9. The bailment of goods as security for payment of debt or performance of a promise is called_______________?

   A. Pledge
   B. Special bailment
   C. Both A and B
   D. None of above

10. All the agreements are contracts if they are made by free consent of the parties competent to contract for a ___________ consideration and object ?

    A. Any
    B. Lawful
    C. Unlawful
    D. None of above