BlackFriday 2024! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

CIPS Exam L3M3 Topic 4 Question 24 Discussion

Actual exam question for CIPS's L3M3 exam
Question #: 24
Topic #: 4
[All L3M3 Questions]

The expression 'consideration' means:

Show Suggested Answer Hide Answer
Suggested Answer: B

Consideration is one of the essential elements of a contract in English law, and it essentially means the exchange of something of value for something else of value, typically goods or services for money.

Normally it is the price to be paid in exchange for goods or services.


by Ligia at Sep 17, 2024, 02:20 PM

Limited Time Offer

25%

Off

Get Premium L3M3 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Leanora
1 months ago
Option B all the way. Consideration is the legal term for the exchange of value in a contract. Not just about being a good person.
upvoted 0 times
...
Cordelia
1 months ago
Haha, option C sounds like something my grandma would say. 'Just be nice to everyone and they'll be nice back!' Not how the legal system works, folks.
upvoted 0 times
Shawna
23 days ago
D) Taking time to think about the gravity of the contract you may be about to be entering into
upvoted 0 times
...
Aleisha
26 days ago
B) Some form of valuable exchange
upvoted 0 times
...
Meghann
28 days ago
A) Being over 18 and being of sound mind
upvoted 0 times
...
...
Lucina
2 months ago
This is easy - B is the answer. I learned this in my business law class. Consideration is about exchanging something of value, not just being a nice person.
upvoted 0 times
...
Lourdes
2 months ago
I'm not sure, but I think it might be D) Taking time to think about the contract.
upvoted 0 times
...
Nicholle
2 months ago
I agree with Royal. Consideration is about both parties giving something of value.
upvoted 0 times
...
Delsie
2 months ago
I'm going with D. Taking the time to carefully consider the implications of a contract is what consideration is all about.
upvoted 0 times
Caitlin
25 days ago
D) Taking time to think about the gravity of the contract you may be about to be entering into
upvoted 0 times
...
Ricki
29 days ago
C) Being nice to people, in the expectation that they in turn will be nice
upvoted 0 times
...
Winfred
1 months ago
B) Some form of valuable exchange
upvoted 0 times
...
Refugia
1 months ago
A) Being over 18 and being of sound mind
upvoted 0 times
...
...
Ocie
2 months ago
Option B seems to be the correct answer. Consideration is a legal term that refers to something of value being exchanged, not just being nice to people.
upvoted 0 times
Charlette
1 months ago
Option B seems to be the correct answer. Consideration is a legal term that refers to something of value being exchanged, not just being nice to people.
upvoted 0 times
...
Leonor
1 months ago
D) Taking time to think about the gravity of the contract you may be about to be entering into
upvoted 0 times
...
Shannan
1 months ago
C) Being nice to people, in the expectation that they in turn will be nice
upvoted 0 times
...
Major
1 months ago
B) Some form of valuable exchange
upvoted 0 times
...
Detra
1 months ago
A) Being over 18 and being of sound mind
upvoted 0 times
...
...
Royal
2 months ago
I think the answer is B) Some form of valuable exchange.
upvoted 0 times
...

Save Cancel