Why is there no consideration when a party does what it is already legally obligated to do?
A) Because there will not be adequate consideration.
B) Because promising to do something you are obligated to do is an illusory promise.
C) Because of the legal doctrine of promissory estoppel.
D) Because there is no detriment.
Correct Answer:
Verified
Q26: To be valid, consideration must _
A) be
Q27: In a(n) _, the consideration for each
Q28: Which of the following is true of
Q29: What are two exceptions to the rule
Q30: When does a court weigh the adequacy
Q32: When will the court consider adequacy of
Q33: In a unilateral contract, the consideration for
Q34: Which of the following is an exception
Q35: Carrie promises Tim she will clean his
Q36: Which statement is true regarding the adequacy
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