A promise lacks consideration if a person promises to perform an act or do something he is already under an obligation to do.This is called a(n) ________.
A) illegal consideration
B) preexisting duty
C) gift promise
D) illusory promise
Correct Answer:
Verified
Q41: A(n) _ is a contract in which
Q54: Corey desperately needs to get to the
Q55: Which of the following lacks consideration?
A)bargained-for exchange
B)gift
Q57: Why does an illusory contract lack consideration?
A)because
Q58: Mark, who recently won a lottery, tells
Q60: Hartman, who has worked for Aratize Inc.for
Q61: Toughones, a car part manufacturer, entered into
Q62: Poweroxi Inc.produces rocket propellant fuel that is
Q63: James had a contract with Frasier to
Q72: What is accord and satisfaction in contractual
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