Question

Which of the following is not a flaw as
regards consideration?
O Past consideration
O
Performance of an existing
obligation
O Illusory consideration
O Unlawful consideration​

Answer 1

Answer:

past consideration

Explanation:

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Answer 2

Past consideration is not a flaw as regards consideration.

• In any legal contract, it is necessary to have consideration and form one of the most important aspects of any legally binding contract.
• Past consideration refers to the consideration promised in past which has to be met for the contract to be binding.
• An illusory and unlawful consideration, performing an existing obligation is not an appropriate consideration in a contract.
• Such considerations lead to manipulation of parties and are inadequate.