CONSIDERATION

1. Quid pro quo means:-
   a) Value of promise
   b) Adequacy of consideration
   c) Sufficiency of consideration
   d) Something in return
2. Consideration means:-
   a) Must be real
   b) Must have some value in the eyes of the law
   c) Must not be illusory
   d) All are correct
3. Which of the following is correct:-
   a) Consideration can only be present.
   b) Past consideration is no consideration.
   c) Consideration can be past, present or future.
   d) Consideration can only be future.
4. Which one of the following is not an essential element for consideration:-
   a) Valuable
   b) Adequate
   c) Lawful
   d) It must be given at the desire of the promisor.
5. Which of the following sections of the Indian Contract Act defines “Consideration”-
   a) Section 2(j)
   b) Section 2(g)
   c) Section 2(b)
   d) Section 2(d)
6. Which of the following statements as to consideration is not correct-
   a) Stranger to it cannot sue.
   b) It may be past also.
   c) It must be real.
   d) It need not be adequate.

Answer 1. (d) 2. (d) 3. (c) 4. (b) 5. (d) 6. (a)