Consideration for a promise will be sufficient to establish a binding agreement where:
A) the price paid by the promisee is a vague promise to do something or refrain from doing something.
B) the price paid for the promise was paid before the promise was made.
C) the price paid by the promisee was the fulfilment of a prior legal obligation, that is, the performance of something the promisee was already legally obliged to do.
D) the price paid has some legal value even if it is not a fair or adequate price.
Correct Answer:
Verified
Q36: If parties to a contract agree that
Q37: At law, a 'minor' is:
A)a person who
Q38: According to the doctrine of promissory estoppel:
A)a
Q39: Complete the following: Agreement + (1) +
Q40: Miranda offers to sell her motorcycle to
Q42: The presumption that an agreement made in
Q43: Humphrey agrees to sell his laptop to
Q44: Which of the following is not a
Q45: Cleo offers to sell her Jack Russell
Q46: A 'contract' is:
A)any agreement between two or
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