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1.Which of the following statements is trueof consideration?

A Past consideration is sufficient tocreate liability on a bill of exchange

B Suffering some loss ｏｒdetriment is notvalid consideration

C Consideration can be in the form of anyact, even if that act is impossible to perform

D Performance of an illegal act is validconsideration

答案：A

2.Which of thefollowing is true regarding presumptions of intention to create legalrelations?

A Parties in social, domestic ａｎｄ familyagreements never intend to be legally bound

B Parties in commercial agreements neverintend to be legally bound

C The presumption in all agreements is thatthe parties intend to be legally bound

D Any presumptions in regards to theintention of parties to be legally bound may be refuted ａｎｄ the burden of proofis on the party seeking to escape liability

答案：D

3.Which of thefollowing statements regarding consideration is correct?

A Performance of an existing legalobligation is valid consideration fｏｒthe promise of additional reward

B Performance of an existing contractualduty is sufficient consideration fｏｒthe promise of additional reward

C Performance of an existing contractualduty to a third party is sufficient consideration fｏｒthe promise of additionalreward

D Performance of an extra service inaddition to an existing contractual duty is not sufficient consideration forthe promise of additional reward

答案：C

4.Which of thefollowing statements concerning privity of contract is correct?

A Privity of contract means only parties toa contract may sue on it

B Privity of contract is not subject toregulation by statute

C There are no exceptions to the rule ofprivity of contract

D Privity of contract is only enforceableon commercial contracts

答案：A

5.Which of thefollowing describes the general duty of a promoter?

A Reasonable skill ａｎｄ care

B Competence ａｎｄ accuracy

C Due diligence

答案：A

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