A promise to do something that one has no prior legal duty to do is not legally sufficient consideration.
Correct Answer:
Verified
Q7: Adequacy of consideration refers to "how much"
Q8: Providing accounting services is "something of legally
Q9: Situations in which agreements lack consideration include
Q10: A preexisting duty may arise out of
Q11: Consideration must provide the basis for the
Q13: To be legally sufficient, consideration must be
Q14: The elements of consideration, in a bilateral
Q15: Shockingly inadequate consideration can indicate fraud in
Q16: Consideration refers to the objective determination of
Q17: To enforce a contractual promise, there must
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents