The effect of the making of a partial payment to satisfy an admitted debt is an example of the rule that:
A) past benefits cannot be consideration for a later promise.
B) a conditional promise may be consideration.
C) doing what one is already under a legal obligation to do is not consideration.
D) consideration must be adequate to be binding.
Correct Answer:
Verified
Q37: Ordinarily, a promise to perform an existing
Q38: Consideration is:
A) the concern shown by the
Q39: Examples of illusory promises include:
A) cancellation provisions.
B)
Q40: Which of the following is not consideration
Q41: Consideration is not required in:
A) contracts for
Q43: John received a promotion at work and
Q44: Dave Tompkins was up late one night
Q45: Gerwin's daughter Mary was seeking a position
Q46: The rule that doing or promising to
Q47: Which of the following is not a
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