Homework Help is Here – Start Your Trial Now!
Business
Business Law
Promises which form the consideration or part of the consideration for each other are called as ------------------ 1. Mutual promises 2. Reciprocal promises 3. Promises 4. Written Promises Performance of the conditions of a proposal, or the acceptance of any consideration for a reciprocal promise which may be offered with a proposal, is an ------------------- of the proposal 1. Acceptance 2. Mutual Acceptance 3. Written Acceptance 4. Reciprocal Promise All agreements are ------------------ if they are made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object, and are not hereby expressly declared to be void. 1. Standard forms of contracts 2. Contracts 3. Enforceable Contracts 4. Quasi contracts. When, at the desire of the promisor, the promisee or any other person has done or abstained from doing, or does or abstains from doing, or promises to do or to abstain from doing, something, such act or abstinence or promise is called a consideration for the promise is defined under ------------------ 1. Section 2(e) 2. Section 2(f) 3. Section 2 (a) 4. Section 2(d) Every promise and every set of promises, ------------------------is an agreement 1. In exchange for each another 2. Forming the consideration for each other 3. Mutually agreed 4. Partially agreed When consent to an agreement is caused by coercion, fraud or misrepresentation, the agreement is a contract ------------------------ whose consent was so caused. 1. valid 2. void ab initio 3. Legally enforceable 4. voidable at the option of the party. A ------------------ is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen. 1. Contingent contract 2. Quasi Contract 3. Express of Implied Contract 4. Indemnity Contract A person who finds goods belonging to another, and takes them into his custody, is subject to the same responsibility as a 1. Bailor 2. Indemnifier 3. Bailee 4. Guarantor If the parties to a contract agree to --------- a new contract for it, or to rescind or alter it, the original contract, need not be performed. 1. Alter 2. Amend 3. Substitute 4. Modify When an agreement is discovered to be void, or when a contract becomes void, any person who has received any --------- under such agreement or contract is bound to restore it, or to make compensation for it to the person from whom he received it. 1. Advantage 2. Benefit 3. Consideration 4. Favour

Promises which form the consideration or part of the consideration for each other are called as ------------------ 1. Mutual promises 2. Reciprocal promises 3. Promises 4. Written Promises Performance of the conditions of a proposal, or the acceptance of any consideration for a reciprocal promise which may be offered with a proposal, is an ------------------- of the proposal 1. Acceptance 2. Mutual Acceptance 3. Written Acceptance 4. Reciprocal Promise All agreements are ------------------ if they are made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object, and are not hereby expressly declared to be void. 1. Standard forms of contracts 2. Contracts 3. Enforceable Contracts 4. Quasi contracts. When, at the desire of the promisor, the promisee or any other person has done or abstained from doing, or does or abstains from doing, or promises to do or to abstain from doing, something, such act or abstinence or promise is called a consideration for the promise is defined under ------------------ 1. Section 2(e) 2. Section 2(f) 3. Section 2 (a) 4. Section 2(d) Every promise and every set of promises, ------------------------is an agreement 1. In exchange for each another 2. Forming the consideration for each other 3. Mutually agreed 4. Partially agreed When consent to an agreement is caused by coercion, fraud or misrepresentation, the agreement is a contract ------------------------ whose consent was so caused. 1. valid 2. void ab initio 3. Legally enforceable 4. voidable at the option of the party. A ------------------ is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen. 1. Contingent contract 2. Quasi Contract 3. Express of Implied Contract 4. Indemnity Contract A person who finds goods belonging to another, and takes them into his custody, is subject to the same responsibility as a 1. Bailor 2. Indemnifier 3. Bailee 4. Guarantor If the parties to a contract agree to --------- a new contract for it, or to rescind or alter it, the original contract, need not be performed. 1. Alter 2. Amend 3. Substitute 4. Modify When an agreement is discovered to be void, or when a contract becomes void, any person who has received any --------- under such agreement or contract is bound to restore it, or to make compensation for it to the person from whom he received it. 1. Advantage 2. Benefit 3. Consideration 4. Favour

icon
Related questions
Question
  1. Promises which form the consideration or part of the consideration for each other are called as ------------------ 1. Mutual promises 2. Reciprocal promises 3. Promises 4. Written Promises
  2. Performance of the conditions of a proposal, or the acceptance of any consideration for a reciprocal promise which may be offered with a proposal, is an ------------------- of the proposal 1. Acceptance 2. Mutual Acceptance 3. Written Acceptance 4. Reciprocal Promise
  3. All agreements are ------------------ if they are made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object, and are not hereby expressly declared to be void. 1. Standard forms of contracts 2. Contracts 3. Enforceable Contracts 4. Quasi contracts.
  4. When, at the desire of the promisor, the promisee or any other person has done or abstained from doing, or does or abstains from doing, or promises to do or to abstain from doing, something, such act or abstinence or promise is called a consideration for the promise is defined under ------------------ 1. Section 2(e) 2. Section 2(f) 3. Section 2 (a) 4. Section 2(d)
  5. Every promise and every set of promises, ------------------------is an agreement 1. In exchange for each another 2. Forming the consideration for each other 3. Mutually agreed 4. Partially agreed
  6. When consent to an agreement is caused by coercion, fraud or misrepresentation, the agreement is a contract ------------------------ whose consent was so caused. 1. valid 2. void ab initio 3. Legally enforceable 4. voidable at the option of the party.
  7. A ------------------ is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen. 1. Contingent contract 2. Quasi Contract 3. Express of Implied Contract 4. Indemnity Contract
  8. A person who finds goods belonging to another, and takes them into his custody, is subject to the same responsibility as a 1. Bailor 2. Indemnifier 3. Bailee 4. Guarantor
  9. If the parties to a contract agree to --------- a new contract for it, or to rescind or alter it, the original contract, need not be performed. 1. Alter 2. Amend 3. Substitute 4. Modify

When an agreement is discovered to be void, or when a contract becomes void, any person who has received any --------- under such agreement or contract is bound to restore it, or to make compensation for it to the person from whom he received it. 1. Advantage 2. Benefit 3. Consideration 4. Favour

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer