If Professor Johnson agrees to give up smoking cigars for nine months in exchange for $1,000,Johnson's promise would not be sufficient consideration because if his health improves he is suffering no detriment.
Correct Answer:
Verified
Q64: If an offeree first dispatches a rejection
Q65: Most "best efforts" contracts do not meet
Q66: According to the mailbox rule,acceptance is effective
Q67: An illusory promise is an example of
Q68: A preexisting duty can arise out of
Q70: Consideration that is exchanged after mutual assent
Q71: In order to meet the consideration requirement,the
Q72: Past consideration is not sufficient consideration for
Q73: A party has given consideration for a
Q74: A gift must be returned unless there
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