Multiple choice

An act that has already been preformed can served as consideration for a later promise.

  1. TRUE

  2. FALSE

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

Past consideration is no consideration. An act that has already been performed before a promise is made cannot serve as the consideration for that promise, because there was no bargained-for exchange at the time the act was done. Therefore, the statement is false.