Asked by Anastasiia Semenenko on Jul 27, 2024
Verified
Jane looked after Colin's dog in February. In May, Jane went away and asked Colin, in return, to look after her cat. Colin refused. Did Colin breach a contract?
A) Yes, the consideration does not have to be monetary.
B) Yes, the consideration was of value.
C) Yes, Jane was entitled to reciprocal treatment under the law of equity.
D) Yes, the intention was that the services would be reciprocated.
E) No, past consideration is not valid.
Past Consideration
Consideration given or action performed prior to the current agreement, which is generally not valid as consideration for a current contract.
Reciprocal Treatment
An approach where actions or attitudes are mutually exchanged or reflected between parties.
Law of Equity
A body of law that provides remedies and relief in situations where strict legal rules would be unfairly rigid, focusing on fairness and justice.
- Recognize the significance of past consideration and its impact on contract enforceability.
Verified Answer
ZK
Zybrea KnightAug 02, 2024
Final Answer :
E
Explanation :
Past consideration is not considered valid consideration for the formation of a contract. In this scenario, Jane's previous action of looking after Colin's dog does not constitute valid consideration for Colin's promise to look after her cat, as it occurred before Colin made his promise.
Learning Objectives
- Recognize the significance of past consideration and its impact on contract enforceability.