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Contract
Consideration & Promissory Estoppel
Level 1: Recognition · Question 1 of 2
For which principle is Foakes v Beer (1884) authority?
A.
Part-payment of a debt is not, without more, good consideration for a promise to release the balance.
B.
A promise to perform an existing contractual duty owed to the promisor is always good consideration.
C.
Consideration must be adequate as well as sufficient.
D.
An agreement lacking consideration is enforceable if made by deed.