A promise not to sue another party is not consideration because the promise does not convey any legal value to the other party.
Correct Answer:
Verified
Q4: Michael and William contracted for Michael to
Q5: Mr.Green agrees to purchase a lawn mower
Q6: Promissory estoppel cannot be applied in the
Q7: An accord and satisfaction prevents a creditor
Q8: The rule on adequacy of consideration reflects
Q10: According to the provisions of UCC,an exclusive
Q11: In determining whether consideration exists,the law is
Q12: Consideration is what distinguishes enforceable agreements from
Q13: A promise to refrain from smoking can
Q14: Mr.Blue gave his favorite nephew Jim Jr.
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