An agreement where a party gives up the right to sue for injuries in exchange for the right to take part in an activity is insufficient to constitute consideration.

Question

Quizplus · Accepted Answer

This statement is false. This type of agreement is known as a release or waiver of liability, and it is often used in sports, recreational activities, and other situations where there is a risk of injury. Courts generally uphold these agreements as long as they are written clearly and conspicuously and the injured party willingly and knowingly signed the agreement. Therefore, the agreement is sufficient to constitute consideration.

An Agreement Where a Party Gives Up the Right to Sue