alleryStart learning →Courts generally ask whether consideration exists, not whether it is
AIn writing
BMonetarily fair
CDelivered late
DGiven by a party
Answer & Solution
Correct answer: B. Monetarily fair
Courts leave parties to their bargain, so the dispositive issue is the presence of consideration, not its fairness in 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