Consideration

What is Executory consideration?

• A completed agreement

• Agreement has been executed

• The obligation has not yet fallen due

• The obligation is due

Consideration must....

• move from the promisee

• move from the promisor

• be adequate

• be clear

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

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

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

Consideration must be sufficient but not need to be adequate

• True

• False

• Only if it is above a certain value

• Only if agreed

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

Consideration may not need to be bargained for?

• True

• False

• only with some agreements

• in any agreements

Which case should be cited as sufficient moral consideration?

• White v Bluett

• Dunton v Dunton

• Dunlop

• Roscorla v Thomas

Stilk v Myrick is an authority on....

• performance of future duties

• good consideration

• consideration not given

• performance of existing contractual duties