Part payment of a debt may provide sufficient consideration under certain circumstances.Which of the following will not provide sufficient consideration?
A) Payment of a lesser amount by a third party.
B) Payment of a lesser amount at a different place or with different currency.
C) A promise to refrain from (not do) taking legal action.
D) The payment of a lesser sum prior to the due date.
E) The payment of a lesser sum on the due date.
Correct Answer:
Verified
Q4: The rule in Foakes v Beer states
Q5: The legal effect of promissory estoppel is:
A)a
Q6: You signed a one- year contract to
Q7: Which of the following statements is/are accurate
Q8: Manuela's grandfather promised to loan her $3000
Q10: The case of Roscorla v Thomas involved
Q11: Bill sold a lawnmower to Brodie for
Q12: Executory consideration is also known as:
A)present consideration.
B)future
Q13: Which of the following cases supports the
Q14: The doctrine of promissory estoppel (PE)may prevent
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