30.What does s26 Contracts Act 1950 say?

(2.5 Points)

A. Contract without consideration is voidable

B. Contract without consideration is valid

C. Contract without consideration is unenforceable

D. Contract without consideration is void

31.What is the position of registering a contract under s26(a) Contracts Act 1950?

(2.5 Points)

A. Not necessary

B. It is compulsory

C. Only if necessary

D. Up to the parties

32.In the context of the law of contract, which of the following statements is NOT correct?

(2.5 Points)

A. An acceptance must be unconditional

B. Offer can be made orally, in writing or by conduct

C. A counter-offer always terminates the original offer

D. Consideration must be not inadequate

33.In relation to contract law, which of the following statements about consideration is true?

(2.5 Points)

A. It must not be inadequate

B. It must not be insufficient

C. It must not be past

D. It must not come from a third party to the contract

34.In the context of contract law, what is the meaning of consideration?

(2.5 Points)

A. The price paid by one party to a contract in return for the other's promise

B. The value of services performed under a contract

C. What to consider in a contract

D. The amount of money paid by a contracting party to the other