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CELE SQE1 模拟练习

Examination Timing: 00H00M06S

Oliver agrees to sell his vintage watch to Emma for £2,000. Emma provides the money, but Oliver later claims that the agreement is invalid because there was no consideration.

Which principle applies in this scenario?

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In contract law, consideration must be sufficient but need not be adequate. This means that as long as something of value is exchanged, the consideration is valid, regardless of its adequacy. In this case, the £2,000 paid by Emma constitutes sufficient consideration. 

Key Point: Consideration is a crucial element in contract formation, requiring that something of value be exchanged, though it need not be adequate.



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