consideration Flashcards

(15 cards)

1
Q

what is executed consideration?

A

completed consideration

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2
Q

executory consideration?

A

consideration which has not yet been completed

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3
Q

what is the case which states consideration “need not be adequate but it must be sufficient”

A

Chappell - must be real, tangible and have some actual value

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4
Q

past consideration?

A

not good consideration, it is something already done at the time the agreement was made

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5
Q
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6
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7
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8
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9
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10
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11
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12
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13
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14
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15
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