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Consideration

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Consideration

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by AvatarMikeLittle.
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  • August 30, 2016 at 4:50 pm #336325
    Avatarfirelion28
    Member
    • Topics: 159
    • Replies: 83
    • ☆☆☆

    Mike promised to take John to lunch, and then when we got there Mike said “you must pay, because I have given you the benefit of my company”.

    However, John says that – Past consideration is no consideration.

    Sir is this not executed as Mike promised to pay(Promise) , and John comes ( act) and therefore promise for an act.

    Sorry for the name examples 🙂

    August 30, 2016 at 6:24 pm #336356
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    Has lunch already been eaten at the time when Mike said ‘you must pay because I have given you the benefit of my company’ or was this said before they sat at the table?

    ‘Mike promised to take John to lunch,’ – at the time of that promise did I say to JOhn ‘and I shall pay’ or did I simply promise to take him for lunch?

    If I had promised to take him to the car ferry, does that mean that I have to get on the ferry as well?

    I have already fulfilled my obligation by taking him to the restaurant at lunch time

    If he chooses to eat, that’s his problem

    If I choose to eat and I have no money, that’s my problem. But I can still run faster than he can

    You may now appreciate the difficulty in writing examination questions that are totally complete and non-ambiguous!

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