A. Anything in return
B. Something in return
C. Everything in return
D. Nothing in return
✅ The correct answer is option B.
138. Which of the following is not an exception to the rule – No consideration, No contract.
A. Compensation for involuntary services
B. Love & Affection
C. Contract of agencies
D. Gift
✅ The correct answer is option A.
137. Ordinarily, a minor’s agreement is
A. Void ab initio
B. Voidable
C. Valid
D. Unlawful
✅ The correct answer is option A.
136. A minor’s liability for ‘necessaries’ supplied to him
A. Arises after he attains majority age
B. Is against only minor’s property
C. Does not arise at all
D. Arises if minor gives a promise for it
✅ The correct answer is option B.
135. Which of the following statement is not true about minor’s position in a form?
A. He cannot become a partner in an existing firm
B. He can become a partner in an existing firm
C. He can be admitted only to the benefits of any existing firm
D. He can become partner on becoming a major
✅ The correct answer is option B.
134. Consent is not said to be free when it is caused by
A. Coercion
B. Undue influence
C. Fraud
D. All of these
✅ The correct answer is option D.
133. Which of the following statement is true?
A. Consideration must result in a benefit to both parties
B. Past consideration is no consideration in India
C. Consideration must be adequate
D. Consideration must be something which a promisor is not already bound to do
✅ The correct answer is option D.
141. Which of the following statement is false?
A. Generally a stranger to a contract can not sue
B. A verbal promise to pay a time barred debt is valid
C. Completed gifts need no consideration
D. No consideration is necessary to create an agency
✅ The correct answer is option B.
123. When the consent of a party is obtained by fraud, the contract is
A. Void
B. Voidable
C. Valid
D. Illegal
✅ The correct answer is option B.
121. The threat to commit suicide amounts to
A. Coercion
B. Undue influence
C. Misrepresentation
D. Fraud
✅ The correct answer is option A.