Multiple choice

Which of the following is correct?

  1. Past consideration is no consideration.

  2. Consideration can be in the past, present or future.

  3. Consideration can only be in the present.

  4. Consideration can only be in the future.

  5. Either (3) and (4)

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Option (1) is incorrect: Past consideration is a valid consideration. Option (2) is correct: Promise can be made for the past consideration, present consideration and future consideration. Option (3) is incorrect: Consideration can be in the past, present and future. Option (4) is incorrect: Consideration can be in the past, present and future.