"Legal detriment" in the context of consideration means:
A) Giving up an existing legal right.
B) Taking on a new legal duty.
C) Giving up an existing legal right or taking on a new legal duty.
D) Being found guilty in a criminal case.
E) Getting the short end of the deal in a contract.
Correct Answer:
Verified
Q21: The nonperformance of an accord is called
Q28: A promise to refrain from underage drinking
Q29: A promise to deliver merchandise in the
Q30: The requirement that consideration be bargained-for means
Q31: To meet the contractual requirement,consideration must be:
A)Fair
Q33: For the doctrine of promissory estoppel (detrimental
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
Q36: Consideration can best be described as:
A)Something of
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