Most "best efforts" contracts do not meet consideration requirements because the promise is a promise to try,but not an absolute promise of performance.
Correct Answer:
Verified
Q60: The mailbox rule provides that an acceptance
Q61: Generally an offeree must accept an offer
Q62: The mailbox rule is also called the
Q63: The concept of consideration is that the
Q64: If an offeree first dispatches a rejection
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
Q69: If Professor Johnson agrees to give up
Q70: Consideration that is exchanged after mutual assent
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