Chapter 4试题及答案_Chapter 4考试练习题-猎鹰试题网

Past consideration, as a general rule, is not sufficient to make a promise binding.

A

True

B

False

Which of the following statements regarding the adequacy and sufficiency of consideration is correct?

A

Consideration does not need to be sufficient but must be adequate

B

Consideration does not need to have a value to be sufficient

C

Consideration is sufficient if it has an identifiable value

Which of the following statements regarding consideration is correct?

A

Consideration can be in the form of any act, even if that act is impossible to perform

B

Performance of an illegal act is valid consideration

C

Past consideration is sufficient to create liability on a bill of exchange

D

Suffering some loss or detriment is not valid consideration

Which of the following is executed consideration?

A

Providing goods in return for payment at the same time

B

A promise of payment in return for the provision of goods at a later date

C

A promise to pay for work already carried out

Which of the following describes how courts deal with the adequacy of consideration?

A

Courts will seek to ensure that consideration from each party is of equal value

B

Courts will seek to ensure no party makes excess profit

C

Courts will not interfere in a contract to rectify a bad bargain

快速查题-Chapter 4试题