On March 1, Al agrees to sell Barb his house for $250,000. Barb pays a deposit of $15,000, and they agree that title will transfer and the price will be paid on April 30. The agreement is signed by both parties under seal. What is the consideration on Barb's part?
A) quantum meruit
B) there is no consideration
C) the deposit of $15,000
D) the promise to pay the $250,000
E) the seal
Correct Answer:
Verified
Q7: James does some work for Jim. Jim
Q8: Quantum meruit is
A) the amount of money
Q9: A gratuitous promise differs from a contract
Q10: When a contract is authenticated by the
Q11: Jack walks into a bar, he is
Q13: When a contract is sealed,
A) a party
Q14: Even when offer and acceptance and consideration
Q15: The contractual requirement of consideration provides that
A)
Q16: The concept of estoppel is
A) where the
Q17: The principle of injurious reliance is
A) the
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