Which of the following is true?
A) Past consideration is sufficient legal consideration to enforce an agreement.
B) Contracts based on a party's past consideration are unenforceable unless some new consideration is given to support the contract.
C) Contracts based on a party's past consideration are known as illusory contracts.
D) Contracts based on a party's past consideration are generally enforceable on the grounds of moral obligation.
E) Contracts based on a party's past consideration are known as quasi-contracts.
Correct Answer:
Verified
Q128: What does the mailbox rule provide?
A) that
Q129: Which of the following is true regarding
Q130: Jonathan's Soccer Mart (JSM)advertises a pair of
Q131: The acceptance-upon-dispatch rule is more commonly called
Q132: An agreement that lacks consideration:
A) is void
Q134: The offeror says,"I'll sell you my car
Q135: What is the significance of a contract
Q136: Contracts based on illegal consideration are _.
A)
Q137: Gift promises are also called _ promises
A)
Q138: What is the "accord" in an accord
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