Ch.7 Consideration and promissory estoppel Exam Questions - Test Bank | Law of Contract 2e Smith & Davies by JC Smith, Paul S. Davies. DOCX document preview.
Type: true-false
Title: Chapter 07 - Question 01
01) D promises G: ‘If your house is flooded in a storm, I will pay for its repair’. G’s house is flooded in a storm. Is D contractually bound to G?
a. Yes
b. No
Type: true-false
Title: Chapter 07 - Question 02
02) D promises G: ‘If you give me £10, if your house is flooded in a storm, I will pay for its repair’. G’s house is flooded in a storm. Is D contractually bound to G?
a. Yes
b. No
Type: multiple response question
Title: Chapter 07 - Question 03
03) ‘I will give you a piece of bubblegum, since you helped me fix my car yesterday’. This is not a binding promise because…? Please select all that apply.
a. Past consideration is no consideration.
b. It is not a good bargain.
c. The piece of bubblegum is not economically valuable.
d. The piece of bubblegum is a gift.
Type: multiple choice question
Title: Chapter 07 - Question 04
04) What does ‘consideration need not be adequate, but it must be sufficient’ mean?
a. The acts and promises must be of value in the eyes of the law, but need not be a ‘good bargain’.
b. The acts and promises must be done at the request of the promisor.
c. A reasonable sum must be paid for the goods or services rendered.
d. A particular sum must be paid for the goods or services rendered.
Type: true-false
Title: Chapter 07 - Question 05
05) Performance of a duty imposed by law has never been held to be sufficient consideration.
a. True
b. False
Type: multiple choice question
Title: Chapter 07 - Question 06
06) What is required for a plea of promissory estoppel to succeed?
a. All of the options b, c and d below
b. A clear and unequivocal promise.
c. Reliance by the promisee on that promise.
d. It is inequitable or unconscionable to go back on the promise.
Type: multiple choice question
Title: Chapter 07 - Question 07
07) What is required for a claim in promissory estoppel to succeed?
a. Promissory estoppel is not a cause of action. Rather, it is a mechanism to stop the representee relying on his rights in contradiction to the representation he made.
b. It is inequitable or unconscionable to go back on a clear and unequivocal promise.
c. Reliance by the promisee on that promise.
d. Both option b) and (c).
Type: true-false
Title: Chapter 07 - Question 08
08) The development of promissory estoppel means that consideration is no longer required for contract variation.
a. True
b. False
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Test Bank | Law of Contract 2e Smith & Davies
By JC Smith, Paul S. Davies