CA Foundation Exam > CA Foundation Questions > ________ consideration is no consideration in...
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________ consideration is no consideration in England.
- a)Past.
- b)Present
- c)Future
- d)Past and Present
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
________ consideration is no consideration in England.a)Past.b)Present...
Answer:
The correct answer is A: Past.
Explanation:
In English contract law, the doctrine of past consideration states that past consideration is not valid consideration for a contract. This means that if a person has already performed an act or service before the contract was made, that act or service cannot be considered as valid consideration for the contract.
Key points:
- Past consideration refers to an act or service that has already been performed before a contract is made.
- In England, past consideration is not considered as valid consideration for a contract.
- Past consideration is generally not enforceable unless it was given at the request of the promisor and it was understood that it would be rewarded in the future.
- Consideration is an essential element for the formation of a legally binding contract.
- Consideration must be something of value exchanged between the parties involved in the contract.
- Past consideration is generally seen as a moral obligation rather than a legal one.
Therefore, in England, past consideration is not valid consideration for a contract.
Doctrine of past consideration is no consideration in England.
The correct answer is A: Past.
Explanation:
In English contract law, the doctrine of past consideration states that past consideration is not valid consideration for a contract. This means that if a person has already performed an act or service before the contract was made, that act or service cannot be considered as valid consideration for the contract.
Key points:
- Past consideration refers to an act or service that has already been performed before a contract is made.
- In England, past consideration is not considered as valid consideration for a contract.
- Past consideration is generally not enforceable unless it was given at the request of the promisor and it was understood that it would be rewarded in the future.
- Consideration is an essential element for the formation of a legally binding contract.
- Consideration must be something of value exchanged between the parties involved in the contract.
- Past consideration is generally seen as a moral obligation rather than a legal one.
Therefore, in England, past consideration is not valid consideration for a contract.
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________ consideration is no consideration in England.a)Past.b)Presentc)Futured)Past and PresentCorrect answer is option 'A'. Can you explain this answer?
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