Why is there no consideration when a party does what it is already legally obligated to do?
A) Because there will not be adequate consideration.
B) Because promising to do something you are obligated to do is an illusory promise.
C) Because of the legal doctrine of promissory estoppel.
D) There is no consideration when a party does what it is legally obligated to do.
E) Because there is no detriment.
Correct Answer:
Verified
Q31: Which statement is true regarding the adequacy
Q32: In a bilateral contract,the consideration for each
Q33: When will the court consider adequacy of
Q34: What is necessary for consideration to be
Q35: Which statement would not be considered an
Q37: Sameer promises his uncle,Farouk,that he will study
Q38: Which of the following is true of
Q39: What is a key difference between a
Q40: What are two exceptions to the rule
Q41: If a home builder promises to build
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents