Asked by Gabrielle D'Andrea on Jul 11, 2024
Verified
Jane agreed to look after Colin's dog in February if he would look after her cat in May. In May, Colin refused to look after Jane's cat. Did Colin breach a contract?
A) Yes, the consideration does not have to be monetary.
B) Yes, Jane was entitled to reciprocal treatment under the law of equity.
C) Yes, promissory estoppel requires Colin complete the contract.
D) No, past consideration is not valid.
E) No, quantum meruit would apply.
Past Consideration
A term used in contract law that refers to an act or benefit given in the past, which cannot be used as consideration for a current contract.
Promissory Estoppel
A legal principle that prevents a promisor from withdrawing a promise that a promisee has relied upon.
Reciprocal Treatment
A principle where two parties provide the same advantages or conditions to each other.
- Identify the importance of prior consideration and its effect on the enforceability of contracts.
Verified Answer
HM
hussein mersalJul 14, 2024
Final Answer :
A
Explanation :
The agreement between Jane and Colin involved an exchange of services (looking after each other's pets), which constitutes consideration. This is a key element of a contract, and it does not need to be monetary to be valid.
Learning Objectives
- Identify the importance of prior consideration and its effect on the enforceability of contracts.