Consideration can best be described as:
A) Something of legal value.
B) What is received in a contract.
C) A promise.
D) A counteroffer.
E) A signature on a contract.
Correct Answer:
Verified
Q21: The nonperformance of an accord is called
Q29: The doctrine of promissory estoppel holds that
Q31: To meet the contractual requirement,consideration must be:
A)Fair
Q32: "Legal detriment" in the context of consideration
Q33: All states recognize that a party may
Q34: The courts generally inquire into the adequacy
Q35: An agreement that is lacking consideration:
A)Is void
Q35: Most courts hold that a liquidated debt
Q39: Promissory estoppel is an equitable doctrine that
Q41: Two friends,Ann and Mary,are having margaritas at
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