Aspects of Contract and Negligence for Busines

UNIT 5 ASPECTS OF CONTRACT AND NEGLIGENCE FOR BUSINESS Miss
CONSIDERATION
TRUE OR FALSE EXERCISE
Decide whether the following statements are True or False. If you think they are
False you must provide an EXPLANATION

1. Consideration is where the promisee promises to give something adequate to
the promisor?

2. Natural love and affection is enough to amount to consideration?

3. Consideration must move from the promisee to the promisor only?

4. ‘implied assumpsit’ is where the promisor pays the promisee after the act he
requests him to do?

5. Past consideration is good consideration?

6. In Roscorla v Thomas the defendant promised to give a warranty regarding
the soundness of the horse after the sale?

7. Consideration is required in some contracts only?

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