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WorksheetsConsideration
Total questions: 15
Worksheet time: 10mins
In social and domestic agreements, intention to be legally bound is generally presumed.
True 😁
False 😭
John finds Mary’s handphone and gives it to Mary. Mary promises to buy lunch for John. There is a contract.
True 🌝
False 🌚
A owes B RM 1,000 but the debt is barred by limitation. A signs a written promise to pay B RM 500 on account of the debt. This is a valid contract.
True 😇
False 😈
Section 26 of the Contracts Act 1950 states that all agreements without consideration are void.
True 🔴
False 🔺
All agreements made on account of natural love and affection are binding.
True 💖
False 💔
The rule in Pinnel’s case applies in Malaysia because of section 64 of the Contracts Act.
True 👽
False 👻
In what circumstances will consideration not be sufficient?
Past consideration.
Performance of an existing contractual duty owed to the other contracting party.
Part payment of an existing debt.
Performance of an existing public duty imposed by law.
All of the above are correct.
There is no contract
without the exchange of money
without both offer and acceptance on mutually agreeable terms
without the two parties shaking hands
without all parties signing something
The above statement describe .....
