Past actions that were not bargained for by the parties can become valid consideration for a contract.
Correct Answer:
Verified
Q3: Consideration does not require an actual benefit
Q4: Sandy's private secretary promises to keep the
Q5: In a unilateral contract,a promise is exchanged
Q6: According to the UCC,only a merchant can
Q7: The Abbot Corporation contracts with the Baker
Q9: The adequacy of consideration,while not important to
Q10: The central idea behind consideration is that
Q11: An agreement to sell the entire production
Q12: The element of exchange is absent where
Q13: A few states provide by statute that
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