Regarding consideration, the following questions can help determine whether there is a contract rather than a gratuitous promise: 1. Is the consideration past consideration? 2. Is the proposed consideration legal? 3. Is there consideration flowing in both directions? 4. Does it have value in each direction? 5. If not, is there an exception? Multiple Cholce a. Any one of nuribers 1 to 5 determine there is a contract. b. Numbers 1 to 4 are vital, 5 is optional. c. Numbers 1 to 5 are vital, no exceptions. d. Numbers 1 and 2 are optional, but a fallure in 3 or 4 can be saved by 5 . e. Numbers 1 and 2 are vital, but a fallure in 3 or 4 can be saved by 5