Consideration

Consideration

University

15 Qs

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Consideration

Consideration

Assessment

Quiz

Other

University

Practice Problem

Medium

Created by

Dan Strachotta

Used 3+ times

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Executory consideration?

A completed agreement

Agreement has been executed

The obligation has not yet fallen due

The obligation is due

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consideration must....

move from the promisee

move from the promisor

be adequate

be clear

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Dunlop Pneumatic Tyre Co Ltd v Selfridge & Co Ltd is an example of?

consideration must move from the promisor

a final contract

an enforceable contract

consideration must move from the promisee

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Coulls v Bagots is an authority on?

Joint promisees must both give consideration

Joint promisors must give consideration

Joint promisees can both enforce a promise even if only one gave consideration

Final consideration

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Coombe v Coombe is authority for?

consideration must be provided in reliance on the promisor’s promise

lack of good faith

consideration of the promisee

acting in good faith

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consideration must be sufficient but not need to be adequate

True

False

Only if it is above a certain value

Only if agreed

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consideration....

can be in the past or present.

must not be in the past

is not required by law

must not be in the past unless it involves property

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