Question
21. Section 2(d) of the Contract Act 1950 defines consideration as: When, at the desire of the promisor, the promise or any other person, has
21. Section 2(d) of the Contract Act 1950 defines consideration as: "When, at the desire of the promisor, the promise or any other person, has done or abstained from doing, or does or abstains from doing or promise to do or to abstain from doing, something, such act or abstinence or promise is called consideration for the promise".
The underline words in the above said definition represent the principle that
a. consideration need not be adequate
b. consideration need not move from the promisee
c. Past consideration is good consideration
d. Natural love and affection is a valid consideration
22. Section 2(d) of the Contract Act 1950 defines consideration as: "When, at the desire of the promisor, the promise or any other person, has done or abstained from doing, or does or abstains from doing or promise to do or to abstain from doing, something, such act or abstinence or promise is called consideration for the promise".
The underline words in the above said definition represent the principle that
a. consideration need not be adequate
b. consideration need not move from the promisee
c. Past consideration is good consideration
d. Natural love and affection is a valid consideration
23. Illustration (f) to Section 26 provides that " A agrees to sell a horse worth RM1,000-00 for RM10-00. A consent to the agreement was freely given. The Agreement is a contract notwithstanding the inadequacy of the consideration".
The above said illustration represent the principle that
a. consideration need not be adequate
b. consideration need not move from the promisee
c. Past consideration is good consideration
d. Natural love and affection is a valid consideration
24. Section 26(a) of the Contract Act 1950 provides that " An Agreement made without consideration is void unless it is expressed in writing and registered under the law (if any) for the time being in force for the registration of such documents, and is made on account of natural love and affection between parties standing in a near relation to each other".
The above said Section is also the authority for the principle of law that
a. consideration need not be adequate
b. consideration need not move from the promisee
c. Past consideration is good consideration
d. Natural love and affection is a valid consideration
25. Section 26 of the Contracts Act also provides for an exception to the rule that an agreement without consideration is void. They are:-
i. an agreement is expressed in writing and registered under the law (if any) for the time being enforce for the registration of such documents, and is made on account of natural love and affection between parties standing in a near relation to each other
ii. or is a promise to compensate for something done
iii. or is a promise to pay a debt barred by limitation law
iv. or is a promise to marry
a. i and ii
b. ii and iii
c. I, ii and iii
d. i, ii, iii, and iv
26. The element of certainty is one of the important element for an agreement to be valid. The law for certainty of the term of an agreement says that:-
a. the terms of an agreement cannot be vague but must be certain
b. the terms of an agreement need only be certain in contract to sell land
c. the terms of an agreement which are uncertain can be made certain
d. certainty of terms of an agreement need not be adequate
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