alleryStart learning →In English common law, a peppercorn given by one party is treated as
AIllegal consideration
BSufficient if agreed
CPast consideration
DNo consideration
Answer & Solution
Correct answer: B. Sufficient if agreed
A trivial item like a peppercorn counts as sufficient consideration when both parties agree to it.
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