- 20 Marks
POBL – JUL 2020 – L1 – Q2 – Consideration in Simple Contracts
Discuss the exception to the general rule that simple contracts require consideration, define consideration in contract law, and state the various conditions for valid consideration supported by decided cases.
Question
Every simple contract must be supported by consideration. If it is not so supported, it is treated as gratuitous and without legal effect”
Required:
(i) What is the exception to this general rule?
(ii) What is consideration in contract?
(iii) Supported by decided cases state the various conditions for a valid consideration.
Find Related Questions by Tags, levels, etc.
Report an error
