True or false: consideration

Exercise and reference answers

Questions

1. Statement is true

   Yes

   Statement

   A contract requires a lawful consideration.

2. Statement is true

   Yes

   Statement

   Consideration may move at the desire of the promisor.

3. Statement is true

   Yes

   Statement

   An agreement with no consideration at all is generally void.

4. Statement is true

   No

   Statement

   Consideration must always be money.

Instructions

Decide whether each statement about consideration is true or false.

Explanation