Because the consideration on option contracts is nominal, its recital in the written instrument is usually a mere formality, and it is frequently paid.
Correct Answer:
Verified
Q15: In case a party is making a
Q16: Identify the legally insufficient consideration.
A) Alex promised
Q17: A debt can be liquidated by being
Q18: Which of the following is true for
Q19: A promise made which saves the parties
Q25: In what cases are promises enforceable without
Q26: Which of the following promises is enforceable
Q27: On May 1, 1999; Alex promises to
Q31: _ is an agreement where a defaulter
Q37: A railroad company offers to purchase as
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