For a promise to constitute consideration, the promise must not impose an obligation on the person making it.

Name: For a promise to constitute consideration, the promise must not impose an obligation on the person making it.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

For a promise to constitute consideration, it must indeed impose an obligation on the person making it, as consideration involves a mutual exchange of value or promises where each party agrees to give or do something in return.

For a Promise to Constitute Consideration, the Promise Must Not