Which of the following would be regarded as valuable consideration?
A) Agreeing not to sue the promisor for a previous breach of contract
B) Agreeing to do an existing statutory duty
C) Giving money to a charity nominated by the promisor
D) A promise made under a previous contract with the promisor

Question

Quizplus · Accepted Answer

Consideration must be something of value to the promisor. Agreeing not to sue the promisor for a previous breach of contract (A) and giving money to a charity nominated by the promisor (C) are both of value to the promisor.

Which of the Following Would Be Regarded as Valuable Consideration