Multiple choice

Which one of the following is a legal requirement regarding consideration?

  1. Consideration should move at the desire of the promise.

  2. Consideration may move from promisee or any other person.

  3. Consideration may be past, present or future.

  4. All of these
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D Correct answer
Explanation

All three statements correctly state legal requirements for consideration. Consideration must be given at the promisor's desire, can come from the promisee or any third party (not restricted to just the promisee), and may be past (executed), present (executory), or future consideration. These are foundational principles in contract law.

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