What is necessary for consideration to be valid?
A) Consideration must be part of an equal exchange.
B) Consideration must be money
C) Consideration must involve performance in exchange for a promise.
D) Consideration must involve a mutual exchange of promises
E) Consideration must be the product of a bargained for exchange.
Correct Answer:
Verified
Q29: Tim promises to pay Carrie $50 to
Q30: Which statement is true regarding illusory promises?
A)Illusory
Q31: Which statement is true regarding the adequacy
Q32: In a bilateral contract,the consideration for each
Q33: When will the court consider adequacy of
Q35: Which statement would not be considered an
Q36: Why is there no consideration when a
Q37: Sameer promises his uncle,Farouk,that he will study
Q38: Which of the following is true of
Q39: What is a key difference between a
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