Question: 1 8 Valid consideration can include any promise to do something one has no obligation to do , refrain from doing something one has the

18
Valid consideration can include any promise to do something one has no obligation to do, refrain from doing something one has the right to do, or in the case of a unilateral contract, a performance when there is no obligation to do so. This is known as a (n)q,
1
points
Multiple Choice
promissory estoppel
exculpation
legal detriment
negotiation
release
18 Valid consideration can include any promise to do something one

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Valid consideration can include any promise to do something one has no obligation to do , refrain from doing something one has the right to do , case of a unilateral contract, a performance when...

Q:

Valid consideration can include any promise to do something one has no obligation to do , refrain from doing something one has the right to do , or in the case of a unilateral contract, a performance...

Q:

TB MC Qu . 0 8 - 6 9 Valid consideration can include any promise to do . . . Valid consideration can include any promise to do something one has no obligation to do , refrain from doing something one...

Q:

Facts: William E. Story, Sr., was the uncle of William E. Story II. On March 20, 1869, in the presence of guests at a party, the elder Story promised to pay his nephew $5,000 if the nephew would...

Q:

Case Facts: William E. Story, Sr., was the uncle of William E. Story II. On March 20, 1869, in the presence of guests at a party, the elder Story promised to pay his nephew $5,000 if the nephew would...

Q:

Facts: William E. Story, Sr., was the uncle of William E. Story II. On March 20, 1869, in the presence of guests at a party, the elder Story promised to pay his nephew $5,000 if the nephew would...

Q:

Case 3 (6 points) Facts: William E. Story, Sr., was the uncle of William E. Story II. On March 20, 1869, in the presence of guests at a party, the elder Story promised to pay his nephew $5,000 if the...

Q:

1. Mary slipped and fell while shopping in Giant Department Store. Giant's liability carrier defended on the basis of a $1,000 release taken by its adjuster, Sam. Mary claimed that she only signed...

Q:

This is a course on Law of Contracts. 1. Mary slipped and fell while shopping in Giant Department Store. Giant's liability carrier defended on the basis of a $1,000 release taken by its adjuster,...

Q:

All of the following can constitute consideration EXCEPT: q , A benefit to the promisee. A detriment to the promisor. A promise to do something one does not have a legal obligation to do . A promise...

Q:

Would potential agency problems increase or decrease if you expanded operations to other campuses? Would agency problems be affected by whether you expanded by licensing franchisees or by direct...

Q:

Proponents of the LIFO inventory cost-flow assumption argue that this costing method is superior to the alternatives because it results in better matching of revenue and expense. Required: a. Explain...

Q:

A $ 3 4 5 0 8 . 7 % 1 4 - year bond with annual coupons is purchased with a discount of $ 6 1 and yields 8 . 8 % if held to maturity. Calculate the price.

Q:

-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent...