CAF-4 · Chapter 5 · Question 3 of 15
What is meant by 'Quid Pro Quo' in the context of consideration?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Something in return.
Explanation
Consideration is the price of the promise. 'Quid pro quo' is the Latin term for 'something in return' which forms the basis of consideration.
More Legality of object and consideration MCQs
- Q5Which of the following is an exception to the rule 'No Consideration, No Contract'?
- Q6Azam agrees to sell a horse worth Rs. 100,000 for only Rs. 1,000. Azam's consent was free. Is this a valid contract?
- Q7Can consideration be 'past' under Pakistani law (the Contract Act, 1872)?
- Q8A promise to pay, wholly or in part, a debt which is 'barred by the law of limitation' is valid if:
- Q9Azam promises to pay Rs. 1,000 to Babar if Babar beats up Azam's enemy. Babar beats the enemy. Can Babar legally recover the money?