Which of the following statement is false?
A) Generally a stranger to a contract can not sue
B) A verbal promise to pay a time barred debt is valid
C) Completed gifts need no consideration
D) No consideration is necessary to create an agency
Correct Answer:
Verified
Q8: In case of illegal agreements the collateral
Q9: An offer may lapse by
A)Revocation
B)Counter Offer
C)Rejection of
Q10: A proposal when accepted becomes a:
A)Promise
B)Contract
C)Offer
D)Acceptance
Q11: Which of the following statement is true?
A)Consideration
Q12: Which is the following is false? Consideration:
A)Must
Q14: Consideration must move at the desire of:
A)Promisor
B)Promisee
C)Any
Q15: Which of the following statement is true?
A)There
Q16: Consideration may be
A)Past
B)Present
C)Future
D)All of the above
Q17: Consideration in sample term means
A)Anything in return
B)Something
Q18: Which of the following is not an
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