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

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

   A. A proposal
   B. An offer
   C. An agreement
   D. None of above

3. 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

4. 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

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

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

6. 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

7. Agreement without consideration is___________________?

   A. Void
   B. Voidable
   C. Valid
   D. None of above

8. 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

9. As per section 185 of the Contract Act, 1872 consideration is_________________?

   A. Necessary to create agency
   B. Not necessary to create agency
   C. Depends upon type of agency
   D. None of above

10. The consideration or object of an agreement is lawful unless it is________________?

    A. Forbidden by law
    B. Forbidden by contractors themselves
    C. Forbidden by custom
    D. None of above