NALA ACP Contracts Practice Questions - NALA Advanced Certified Paralegal - Contract Management Exam

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A company promises an employee a $20,000 bonus for work the employee already completed last year. Under the 'pre-existing duty' and 'past consideration' rules, is the bonus promise supported by consideration?

No, because past consideration is not valid consideration Yes, because the employee was loyal Yes, because the work had real value No, because bonuses must be in the original contract

Correct Answer:

No, because past consideration is not valid consideration

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