In the Hamer v.Sidway case cited in the textbook,the New York Court of Appeals concluded that:
A) Consideration is not required to enforce an otherwise valid,bargained-for exchange.
B) A benefit to the promisor constitutes valid consideration,but a detriment to the promisee does not constitute valid consideration.
C) Forbearance is sufficient consideration for a valid and enforceable contract.
D) A detriment to the promisee constitutes valid consideration,but a benefit to the promisor does not constitute valid consideration.
E) Forbearance does not satisfy the consideration requirement for a valid and enforceable contract.
Correct Answer:
Verified
Q9: An illusory promise is not consideration.
Q21: _ is the legal enforcement of an
Q22: Which of the following is an exception
Q23: Which of the following would not be
Q24: For a promise to be enforced by
Q26: Which of the following is a correct
Q27: An example of forbearance is _.
A)selling assets
Q28: Courtney,who does not keep up with the
Q29: A promise to do something that you
Q30: When would a court consider the adequacy
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