A promise made in return for an act or event that has yet taken place is unenforceable.
Correct Answer:
Verified
Q4: For consideration to have "legally sufficient value,"
Q7: A transaction that lacks a bargained-for exchange
Q8: A preexisting duty may arise from a
Q9: A determination of whether consideration exists depends
Q11: It is illegal for two parties to
Q11: Consideration in bilateral contracts normally consists of
Q12: The element of bargained-for exchange distinguishes contracts
Q13: A promise by one party to pay
Q15: Inadequate consideration always indicates undue influence.
Q20: Risks ordinarily assumed in business constitute consideration
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