Consideration
Consideration
- Created by: sophie hopwood
- Created on: 16-04-11 12:52
Other questions in this quiz
2. Executed consideration is consideration that has already passed
- True
- False
3. Even a promise to act or a promise to forbear is consideration
- True
- False
4. What do the courts mean when they say that promissory estoppel is 'suspensory, not extinctive'?
- That it does not destroy the legal rights of the person promising not to exercise them - it merely suspends them temporarily for a particular period.
- That it is dependent on the court equitable jurisdiction, rather than based on common law.
- That it is an ambiguous area of law and will keep the text book writers busy for years to come.
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