Multiple choice

Past consideration means

  1. money received in the past without even making a proposal

  2. the price that is more than the promisor’s expectation

  3. the price paid or service rendered at the desire or request of the promisor, followed by a subsequent promise

  4. consideration and promise take place simultaneously

  5. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Consideration is a price for a promise and it is usually given in response to and as an inducement for the promise.

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