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Author Question: Which of the following statements is correct with respect to the law of consideration? (Read 65 times)

littleanan

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on: Aug 7, 2021
Which of the following statements is correct with respect to the law of consideration?
◦ For a contract to be binding, something valuable must have changed hands. This consideration may have been paid before the agreement (past consideration) or at the time of the agreement (present consideration), but future consideration is no consideration.
◦ Consideration need not be specific, but both parties must get something out of the deal.
◦ The amount of consideration to be paid in a contract must be reasonable (that is, fair) from the point of view of each party.
◦ Consideration must have some value but need not be specific.
◦ Without consideration or a seal, there can be no contract.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
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Marked as best answer by littleanan on Aug 7, 2021

prumorgan

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Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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littleanan

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Reply 2 on: Aug 7, 2021
:D TYSM

xiazhe

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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