Regarding Consideration,the Following Questions Can Help Determine Whether There Is

question 1

Multiple Choice

Regarding consideration,the following questions can help determine whether there is a contract rather than a gratuitous promise:
Is the consideration past consideration?
Is the proposed consideration legal?
Is there consideration flowing in both directions?
Does it have value in each direction?
If not,is there an exception?

• A)Numbers 1 to 5 are vital,no exceptions.
• B)Numbers 1 and 2 are optional,but a failure in 3 or 4 can be saved by 5.
• C)Numbers 1 to 4 are vital,5 is optional.
• D)Numbers 1 and 2 are vital,but a failure in 3 or 4 can be saved by 5.
• E)Any one of numbers 1 to 5 determine there is a contract.

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