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Which of the Following Statements Is TRUE

Question 10

Multiple Choice

Which of the following statements is TRUE?


A) Consideration must be adequate but it does not have to be sufficient.
B) Love and affection can serve as consideration if a contract is created between family members.
C) A party seeking to receive the benefit of a promise does not have to provide consideration if it placed its seal upon a document in which the promise is contained.
D) To place a contract under seal, a person may either apply a seal or write the word "seal" on a document.
E) A person can provide consideration by making a promise that will either create a benefit for itself or impose a detriment upon the other party.

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