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Guest Guest
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3 years ago
Which of the following is correct with respect to the adequacy of consideration?

▸ Both parties must be present if the agreement is under seal.

▸ Consideration need not be fair, unless there are extenuating circumstances (i.e., insanity or fraud).

▸ Consideration might result from existing duty: a change in the contract requires no new consideration.

▸ Consideration need not be legal if both parties clearly consent.

▸ Consideration may be only love and affection.
Textbook 
Legal Fundamentals for Canadian Business

Legal Fundamentals for Canadian Business


Edition: 4th
Author:
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dravid11dravid11
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3 years ago
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