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Question $43$

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Question text

Regarding consideration, the following questions can help determine whether there is a contract rather than a gratuitous promise:

Is the consideration past consideration?

Is the proposed consideration legal?

Is there consideration flowing in both directions?

Does it have value in each direction?

If not, is there an exception?

Question $43$Select one:

a$.$

Numbers $1$ to $4$ are vital, $5$ is optional.

b$.$

Numbers $1$ and $2$ are optional, but a failure in $3$ or $4$ can be saved by $5.$

c$.$

Any one of numbers $1$ to $5$ determine there is a contract.

d$.$

Numbers $1$ to $5$ are vital, no exceptions.

e$.$

Numbers $1$ and $2$ are vital, but a failure in $3$ or $4$ can be saved by $5.$