Consideration

Consideration

University

15 Qs

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Consideration

Consideration

Assessment

Quiz

Fun

University

Practice Problem

Medium

Created by

Ravindran Nadarajan

Used 138+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In social and domestic agreements, intention to be legally bound is generally presumed.

True 😁

False 😭

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

John finds Mary’s handphone and gives it to Mary. Mary promises to buy lunch for John. There is a contract.

True 🌝

False 🌚

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A owes B RM 1,000 but the debt is barred by limitation. A signs a written promise to pay B RM 500 on account of the debt. This is a valid contract.

True 😇

False 😈

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Section 26 of the Contracts Act 1950 states that all agreements without consideration are void.

True 🔴

False 🔺

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All agreements made on account of natural love and affection are binding.

True 💖

False 💔

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The rule in Pinnel’s case applies in Malaysia because of section 64 of the Contracts Act.

True 👽

False 👻

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In what circumstances will consideration not be sufficient?

Past consideration.

Performance of an existing contractual duty owed to the other contracting party.

Part payment of an existing debt.

Performance of an existing public duty imposed by law.

All of the above are correct.

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