Alpha Corp entered into an agreement with Beta Inc.Alpha promised to transfer certain equipment to Beta and Beta promised to pay $50 000 to Gamma Ltd.Alpha has provided sufficient consideration but Beta has not.

Question

Quizplus · Accepted Answer

The statement implies that only Alpha provided consideration, while Beta did not. For a contract to be valid, both parties must provide consideration, which is something of value exchanged in the agreement. Therefore, the statement is false.

Alpha Corp Entered into an Agreement with Beta Inc