Multiple choice

Which of the following statement is false? Consideration

  1. must move at the desire of the promisor

  2. may move from any person

  3. must be illusory

  4. must be of some value
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Consideration must be real, not illusory. Illusory consideration (which appears to exist but has no substance) is invalid. The other statements are true: consideration must move at promisor's desire, can come from any person (including third parties), and must have some value (though need not be adequate).

Keep practicing — related questions