What is the SQE?
Who is the SQE for?
Costs and fees
Dates and locations
Assessment information
The assessment day
Results and resits
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A man is given a bicycle as a gift. He later agrees to sell the bicycle for £25 to a woman but no payment has yet been made. He subsequently discovers that the bicycle is worth £390. He informs the woman that he no longer wishes to sell the bicycle because he was mistaken about its value.
What advice should the woman be given?
A. There is a contract because there is executed consideration.
B. There is a contract because sufficient consideration has been promised.
C. There is no contract because the consideration is insufficient.
D. There is no contract because adequate consideration has not been promised.
E. There is no contract because the consideration promised is only executory.
B - There is a contract because sufficient consideration has been promised.
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Find out what happens after passing the SQE and admission to the roll of solicitors.