Which of the following would most likely be enforceable?
A) An agreement supported by past consideration
B) A substitute agreement to settle an undisputed debt
C) A debt agreed to seven years ago in a state where the statute of limitations is six years
D) A promise following the rendering of emergency services that is not supported by new consideration

Question

Quizplus · Accepted Answer

A substitute agreement to settle an undisputed debt is generally enforceable because it involves a mutual agreement between the parties to modify the terms of an existing obligation, which can be seen as providing new consideration. Past consideration is not valid consideration for a new contract, debts barred by the statute of limitations are not enforceable, and promises made after emergency services have been rendered, without new consideration, typically do not create enforceable obligations.

Which of the Following Would Most Likely Be Enforceable