A gratuitous promise
A) is usually enforceable even though it is not given in exchange for consideration.
B) occurs when one party promises to provide two benefits in exchange for the receipt of one benefit.
C) is not enforceable even if it is placed under seal.
D) is a promise that is not given in exchange for consideration.
E) is enforceable as long as it is supported by love and affection.
Correct Answer:
Verified
Q10: An assignment can only be created by
Q32: JB Inc sold a piece of equipment
Q33: Which of the following statements is TRUE?
A)
Q34: Which of the following situations illustrates a
Q35: Deecey renovated Reece's shop in exchange for
Q36: Which of the following refers to a
Q38: Bentley Inc operates a sporting goods store.
Q39: ABC Construction agreed to build a pool
Q40: Because he was in love with her,
Q42: Zeta Corp was contractually obliged to pay
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents