Question: A contract is binding if the consideration involved is a commitment not to do something, as opposed to a promise to do something. Question 2

A contract is binding if the consideration involved is a commitment not to do something, as opposed to a promise to do something.
Question 2 options:
a) True
b) False

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:

Please answer based on your knowlege or search it. 1.Why is exclusion clause important in buisness contracts, and how is it different from a disclaimer clause? 2.A contract is binding if the...

Q:

Introduction to Canadian Legal System True/False 1. Statutory law is judge made law. 2. Civil law deals mainly with torts and contract law. 3. A decision of the Supreme Court of Canada, is only...

Q:

Contract Formation True/False 1. Many advertisements by companies are just puff and not meant to create a binding contract. 2. An acceptance that includes a change to the original terms still creates...

Q:

1. Martin, a concert pianist, was walking down the street when he was struck by Jeffrey, a careless skateboarder. Martin was knocked down and crushed his hand. When Martin sued Jeffrey for his...

Q:

A contract is binding if the consideration involved is a commitment not to do something, as opposed to a promise to do something. Question 2 options: a ) True b ) False

Q:

Hello, these question are some question i receive in class today as a practice question for midterm can you please help me answer them with explanation Explain three reasons business people...

Q:

1 . If Mario trades his wristwatch for an umbrella at a flea market, can he rely on the implied terms of the Sale of Goods Act to ensure that the umbrella will be of merchantable quality? Explain...

Q:

question61 A contract is binding if the consideration involved is a commitment not to do something, as opposed to a promise to do something. Applying the legal principle(s) discussed in contract...

Q:

contract is binding if the consideration involved is a commitment not to do something, as opposed to a promise to do something. Applying the legal principle(s) discussed in contract law, explain the...

Q:

26. The courts will use ___________ to determine how much should be paid when a person providing the services is not allowed, by a breaching party, to finish the job. Select one: past consideration...

Q:

Write as a single integral in the form J, f(x) dx:

Q:

The p.d.f. is f(x) = 1 - x/2 for 0 x 2. Find the probability that the measurement is between 1.0 and 1.5. Find the probability in two ways: a. By integrating the given p.d.f. b. By using the c.d.f....

Q:

Generally, if you are under age 5 9 ( 1 ) / ( 2 ) , you must pay an additional tax on the distribution of any assets from your traditional IRA of how much: a . 6 % of the early distribution b . 1 0 %...

Q:

The return on assets is calculated by: A) subtracting net income from average total assets. B) adding net income and average total assets. C) dividing net income by average total assets. D)...