61) Consideration should be something in return of promise which

A) Both the law and parties regard, as having some value
B) Only law regards as having some value
C) Only parties regard some value
D) Only adequate value necessary

62) Contract Act, 1872 doesn’t include

A) (a)Social agreements
B) (b)Commercial agreement
C) Domestic Agreement
D) a & c

63) Promises which form the consideration or part of the consideration for each other are called

A) Reciprocal promises
B) Cross offer
C) Conditional offer
D) Conditional promises

64) Under the Indian Contract Act, 1872 which is one of the following does not fall in the meaning of fraud

A) Active concealment of a fact.
B) Suggestion, as a fact, of that which is not true, by one who does not believe it to be true
C) Positive assertion of unwarranted statements
D) A promise made without any intention of performing it

65) Which of the following sections of Indian Contract act, 1872 states, “In order to convert a proposal into a promise, the acceptance must be absolute and unqualified

A) Section 6
B) Section 8
C) Section 5
D) Section 7