In what circumstances might a promise be enforced despite a lack of consideration?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Business Law Today Comprehensive Text And Cases Diverse Ethical Online And Global Environment

ISBN: 9781285428932

10th Edition

Authors: Roger LeRoy Miller

See More Books

Question Posted: Nov 10, 2022 12:58 AM

See More Questions

In what circumstances might a court disregard the corporate entity (pierce the corporate veil) and hold the shareholders personally liable?
In what circumstances might a taxpayer prefer to deduct, rather than credit, foreign taxes?
What is an exculpatory clause? In what circumstances might exculpatory clauses be enforced?
Preparing and interpreting a statement of cash flows using a T-account work sheet. Financial statement data for Dickerson Manufacturing Company for the current year appear in Exhibit 5.29. Additional...
How can you interpret the logarithm of a number?
Conrad Playground Supply underwent a restructuring in 2024. The company conducted a thorough internal audit, during which the following facts were discovered. The audit occurred during 2024 before...
Two residents of California filed a lawsuit against Hertz Corporation on behalf of a group of people arguing that the companys labor practices were illegal. The corporation was labeling workers as...
During 2014, its first year of operations as a delivery service, Persinger Corp entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $100,000 in...
Suppose your yearly demand for razors is Q = 32 - 4P. There is a subscription service that charges $2.00 per razor plus an annual membership fee. What is the most that you would be willing to pay for...
Mt. Horeb Alpaca Co. has a herd of 150 alpaca. The alpaca are sheared once a quarter to harvest very valuable alpaca wool that is used in designer sweaters. Mt. Horeb has the following information...
Sales personnel, particularly those who are paid on a commission basis, are often eager to make contracts. Sometimes, these salespersons must deal with minors and intoxicated persons, both of whom...
What are some examples of contracts that lack consideration?
Budgeting for maximum production. A manufacturing firm has budgeted $60,000 per month for labor and materials. als. If $x thousand is spent on labor and $y thousand is spent on materials, and if the...
Our longest uninterrupted economic expansion took place mainly in the decade of the ______. a) 1940s b) 1950s c) 1960s e) 1980s d) 1970s f) 1990s
Employment discrimination results in the __________ of our labor force.
The main factor in finally bringing us out of the Great Depression was _________.
Full employment implies an unemployment rate of about ______ percent.
Since the end of World War II there have been _________ recessions.
The nonlinear system f1(x1, x2) = x21 x22 + 2x2 = 0, f2(x1, x2) = 2x1 + x22 6 = 0
In each of the following independent cases, document the system using whatever technique(s) your instructor specifies. a. Dreambox Creations (www.dreamboxcreations.com/) in Diamond Bar, California,...
Juan is an elderly man who lives with his nephew, Samuel. Juan is totally dependent on Samuels support. Samuel tells Juan that unless he transfers a tract of land he owns to Samuel for a price 35...
Grano owns a forty-room motel on Highway 100. Tanner is interested in purchasing the motel. During the course of negotiations, Grano tells Tanner that the motel netted $30,000 during the previous...
Grano owns a forty-room motel on Highway 100. Tanner is interested in purchasing the motel. During the course of negotiations, Grano tells Tanner that the motel netted $30,000 during the previous...
Ikea revolutionized retailing from the 1950s, persuading shoppers to travel to its out-of-town stores, navigate their mazelike formats to collect their furniture, transport it home, and assemble it...
Quick Computing installed its previous generation of computer chip manufacturing equipment 3 years ago. Some of that older equipment will become unnecessary when the company goes into production of...
XYZ issued 2,000 shares of $8 par value stock to pay for legal services provided by 123 Company. Market Value of the stock was $10 per share. The journal entry will include: a. $16,000 debit to...

In what circumstances might a promise be enforced despite a lack of consideration?

Question:

Step by Step Answer:

If a party to a contract has made a promise to another party and the prom is o...View the full answer

Business Law Today Comprehensive Text And Cases Diverse Ethical Online And Global Environment

Students also viewed these Social Science questions