Match each of the numbered definitions with the correct term in the following list. Write the letter of your choice in the answer column.
a. Barren promise
b. Consideration
c. Forbearance
d. Gratuitous promise
e. General release
f. Moral consideration
g. Past consideration
h. Pledge or subscription
i. Preexisting duty
j. Promise
1. The benefit received and the loss suffered by parties to a contract. 1. _________
2. A demand of the conscience based on love, friendship, honor, or sympathy.
2. _________
3. A promise to do what one is already required to do. 3. _________
4. An offer to confer a benefit on someone without requiring a sacrifice in return.
4. _________
5. A promise to contribute to a charitable organization. 5. _________
6. An obligation to perform actions that are already required. 6. _________
7. An offer to pay for a benefit that has already been received. 7. _________
8. The act of refraining from exercising a legal right. 8. _________
9. A written agreement to give up a claim or settle a debt for less than the amount demanded. 9. _________
10. The party to an agreement who receives a promise. 10. _________

  • CreatedOctober 01, 2015
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