Consideration can best be described as:
A) something of legal value
B) what is received in a contract
C) a promise
D) a counteroffer
E) a signature on a contract
Correct Answer:
Verified
Q21: The nonperformance of an accord is called
Q22: When a seller promises a buyer to
Q23: Which of the following constitutes legal consideration?
A)
Q24: A compromise agreement is referred to as
Q25: To meet the contractual requirement,consideration must be:
A)
Q27: An agreement that is lacking consideration:
A) is
Q28: Which of the following can be considered
Q29: The doctrine of promissory estoppel holds that
Q30: The requirement that consideration be bargained-for means
Q31: A promise to refrain from underage drinking
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