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In the case of Thomas v Thomas, what was the court's view on consideration?

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Question: In the case of Thomas v Thomas, what was the court\'s view on consideration?

Options:

  1. Consideration must be monetary
  2. Consideration must be sufficient but need not be adequate
  3. Consideration must be adequate
  4. Consideration is not necessary

Correct Answer: Consideration must be sufficient but need not be adequate

Solution: 

The court held that consideration must be sufficient but need not be adequate, meaning it must have some value.

In the case of Thomas v Thomas, what was the court's view on consideration?

Practice Questions

Q1
In the case of Thomas v Thomas, what was the court's view on consideration?
  1. Consideration must be monetary
  2. Consideration must be sufficient but need not be adequate
  3. Consideration must be adequate
  4. Consideration is not necessary

Questions & Step-by-Step Solutions

In the case of Thomas v Thomas, what was the court's view on consideration?
  • Consideration – Consideration refers to something of value that is exchanged between parties in a contract, which must be sufficient but not necessarily equal in value.
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