Terry is Norman's tenant. Terry undertakes repairs of his apartment: fixing the windows, and painting the verandah. Terry later send Norman a bill for $50,000. Norman writes IOU on the bill and gives it back to Terry. Norman then refuses to pay the $50,000, telling Terry that Norman's lawyer advises him that he is not liable for past consideration.

a. Terry and Norman share an existing contractual relationship, therefore Norman has

to pay Terry his $50,000

b. Consideration is past, and there is no way that Terry can get back the $50,000 under

the 'contract'

c. There is no such thing as past consideration. Terry can claim for his $50,000