Part B The law of obligations 4: Formation of contract II 71Quick Quiz
1 Distinguish between executed and executory consideration.
2 Past consideration, as a general rule, is not sufficient to make a promise binding.
True
False^3 Fill in the blanks in the statement below.
Consideration need not be (1) .................... but it must be (2) .....................4 Fill in the blanks in the statement below.
If Alice promises Ben that (for a consideration provided by Ben) Alice will confer a benefit on Charlotte,
then (1).................... cannot at common law enforce Alice's promise. This is the doctrine of
(2).....................5 A promise of additional reward for the performance of existing duties is not generally binding.
True
False^