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Rules of Consideration in Contract Law: Elements & Case Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is consideration?

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1. What is a promise to do something that the promisee has no legal duty to do a form of?

2. While on duty, Police Officer Jones spots a stolen sports car. A few day earlier, he saw a poster offering a $1000 reward to anyone who who helped the owner recover the stolen car. Why is Officer Jones not allowed to accept the reward?

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About This Quiz & Worksheet

This quiz and worksheet combo gauges your understanding of consideration and its role in contract law. You will be quizzed on the definition of consideration and examples of situations when this concept is relevant

Quiz & Worksheet Goals

Using these tools, you will be able to assess your knowledge of:

  • The elements of consideration
  • A promise that is not a legal duty
  • Examples of legal duties
  • When a declaratory judgment will be used
  • Labriola v. Pollard

Skills Practiced

This worksheet and quiz let you practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on consideration in contract law
  • Interpreting information - verify that you can read information regarding legal contracts and interpret what the most important issue is
  • Information recall - access the knowledge you've gained regarding legal duty and promises that are not backed by a legal duty
  • Knowledge application - use your knowledge to answer questions about declaratory judgments

Additional Learning

The corresponding lesson, titled Rules of Consideration in Contract Law: Elements & Case Examples, will be useful for learning about this topic. This lesson will help you:

  • Define consideration in the context of a contract
  • Identify examples of legally sufficient consideration
  • Understand the elements a contract need to be legally enforceable
  • Recognize legal duties that don't give rise to consideration
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