快速查题-ACCA英国注册会计师试题

True 

False 

Consideration does not need to be sufficient but must be adequate

Consideration does not need to have a value to be sufficient

Consideration is sufficient if it has an identifiable value

Consideration can be in the form of any act, even if that act is impossible to perform

Performance of an illegal act is valid consideration

Past consideration is sufficient to create liability on a bill of exchange

Suffering some loss or detriment is not valid consideration

 Providing goods in return for payment at the same time 

A promise of payment in return for the provision of goods at a later date 

A promise to pay for work already carried out 

Consideration does not need to have a value to be sufficient 

 Consideration is sufficient if it has some economic value 

Consideration does not need to be sufficient but must be adequate 

 Third parties to a contract generally have enforceable rights under it 

 Only parties to a contract generally have enforceable rights under it 

 Privity of contract only relates to rights under a contract, not obligations 

 A third party to a contract can sue for losses they incur under a contract if the losses are foreseeable

 A third party to a contract can bring an action under it if an implied trust has been created 

 A third party to a contract can enforce rights under it if it is equitable for them to do so 

 Social arrangements are generally intended to be legally binding 

 Commercial arrangements are generally not intended to be legally binding 

 A contract will be legally binding if both parties intended it to be so 

 A letter of comfort 

 An agreement between a husband and wife to transfer property between them

 An agreement 'binding in honour only' 

 Consideration must pass from the promisee 

 Consideration must be adequate 

 Past consideration is generally valid consideration 

 Executory consideration is generally not valid consideration