There must be some incentive or inducement for a person's promise or it is not binding. The legal mechanism for evaluating the existence of this incentive is "_____" which refers to the receipt of a legal benefit or the suffering of a legal detriment.
A) collusion
B) promissory estoppel
C) consideration
D) reversion
E) novation

Question

Quizplus · Accepted Answer

There must be some incentive or inducement for a person's promise or it is not binding. The legal mechanism for evaluating the existence of this incentive is "consideration" which refers to the receipt of a legal benefit or the suffering of a legal detriment.

There Must Be Some Incentive or Inducement for a Person's