alleryConsideration in a contract must be
Asomething of value moving at the desire of the promisor
Bgiven only by the promisee
Calways monetary
Dalways adequate
Answer & Solution
Correct answer: A. something of value moving at the desire of the promisor
Section 2(d): consideration is something done/abstained at the promisor's desire
it need not be adequate but must have some value.
Keep practising Consideration
Browse all Consideration questions for CA Foundation, or explore more Businesslaw topics.
Related questions
In Beswick v Beswick, what remedy was granted for a term benefiting a non-party?In which case did Cardozo hold that no privity is needed for a dangerous defective productWhich is a recognised common law exception to the privity rule?Mrs Donoghue could not sue under the contract for a bottle with a snail, so she sued the mWhich doctrine states a contract cannot confer rights or obligations on a non-party?Which international instrument expressly rejects the doctrine of consideration?A bonus clause in a contract rewards the contractor forB pays A $5,000 to hold a script exclusively for a year, with $50,000 more if B produces i