As a general rule, a promise must be supported by consideration. Which of the following is an exception to the rule?
A)A non-charitable enterprise financed by the subscriptions of individuals
B)A promise to refrain from doing what one has no right to do
C)An act performed prior to the promise made by the promisor
D)An obligation of record such as a judgment

Question

Quizplus · Accepted Answer

An obligation of record, such as a judgment, is an exception to the rule that a promise must be supported by consideration because it is a legal obligation recognized by the court.

As a General Rule, a Promise Must Be Supported by Consideration