If Kate promises a stereo to Uli,which of the following holds true with regard to the idea of consideration?
A) Uli will not be able to enforce Kate's promise if he has not done anything in return.
B) Uli need not offer adequate consideration to Kate in return for her promise.
C) Kate's promise need not be supported by consideration.
D) Uli's consideration should be an act and not a promise.
Correct Answer:
Verified
Q8: Which of the following statements is true
Q9: As a general rule,a promise to discharge
Q10: As a general rule,performing a preexisting duty
Q11: Under the UCC,cashing a "payment in full"
Q12: Once a binding accord and satisfaction has
Q14: For a debt to be considered unliquidated,the
Q16: Freedom of contract includes the freedom to
Q17: Under the UCC,a modification of an existing
Q18: A bilateral contract that lacks mutuality is
Q20: In determining whether a party has given
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