Consideration
4 practice questionsBusiness LawStep-by-step solutions
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1
In general contract law, 'past consideration' is:
A.Always valid
B.Not valid consideration
C.Worth double
D.Required for every contract
2
Legally, consideration must be sufficient but:
A.Need not be adequate (of equal value)
B.Must always be money
C.Must be paid in advance
D.Must be witnessed
3
In contract law, 'consideration' refers to:
A.Careful thought before signing
B.Something of value exchanged between the parties
C.The judge's opinion
D.A waiting period
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