Contracts 1 Week 8 - Revision of Wks 2-6

Consideration in bilateral contracts occurs when both parties promise to do something

• True

• False

Consideration in unilateral contracts occur when one party promises to do something if the conditions are met

• True

• False

What is executory consideration?

• When the obligation has fallen due

• When the obligation has not yet fallen due

• When the obligation has already fallen due

For consideration to be good consideration in the eyes of the law, the consideration must...

• Move from the promisee

• Be bargained for

• Be sufficient, but need not be adequate

• Not be past

Dunlop Pneumatic Tyre Co Ltd v Selfridge & Co Ltd determined

• Consideration must move from the promisor

• Consideration must move from the promisee

• Consideration must move from the agent of the promisor

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

• True

• False

Consideration must be for some act or forbearance

Eastwood v Kenyon determined

• A promise based on a sense of moral obligation will not be supported by sufficient consideration

• A promise based only on a sense of moral obligation will not be supported by a sufficient consideration

A promise from one party to another to perform...

• An existing contractual duty already owed to that party

• Does constitute good consideration

• Does not constitute good consideration

• An existing contractual duty presumed to be owed to that party

A promise to perform an act that someone is already obliged to do by a public duty will not be valid...