Which of the following most likely constitutes legal consideration?
A) a promise to make a gift
B) a promise to refrain from doing an illegal act
C) a promise to buy all that the promisor needs of an item with specifying a minimum quantity
D) a promise based upon past consideration
E) a promise based upon a preexisting duty
Correct Answer:
Verified
Q32: An illusory promise is:
A) never sufficient to
Q33: For the doctrine of promissory estoppel (detrimental
Q34: A promise to deliver merchandise in the
Q35: Most courts hold that a liquidated debt
Q36: A party who promises to complete a
Q38: "Legal detriment" in the context of consideration
Q39: Promissory estoppel is an equitable doctrine that
Q40: In a two-party contract,which is true about
Q41: Mrs.Potter tells a neighbor child,"Since you have
Q42: Lisa enters into a contract with Acme
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