Which of the following constitutes legal consideration?
A) a promise to make a gift
B) a promise based upon a change in duties and payments
C) a promise based upon a moral obligation
D) a promise based upon past consideration
E) a promise based upon a preexisting duty
Correct Answer:
Verified
Q18: A preexisting duty can arise from a
Q19: A cash payment of $1 given to
Q20: An agreement where a party gives up
Q21: The nonperformance of an accord is called
Q22: When a seller promises a buyer to
Q24: A compromise agreement is referred to as
Q25: To meet the contractual requirement,consideration must be:
A)
Q26: Consideration can best be described as:
A) something
Q27: An agreement that is lacking consideration:
A) is
Q28: Which of the following can be considered
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