Multiple choice

Which of the following statements is false?

  1. Consideration must move at the desire of the promisor.

  2. Consideration may move from any person.

  3. Consideration must be illusory.

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

The statement 'Consideration must be illusory' is false. Consideration must be real and have some value in the eyes of the law - it cannot be illusory (imaginary or nonexistent). Valid consideration requires that it be of some value (not necessarily adequate), move at the promisor's desire, and can come from any person (including third parties).

Keep practicing — related questions