A promise made in return for actions or event that already took place is known as

Select one:

a. past consideration.

b. preexisting duty.

A person cannot change the terms of a contract

Select one:

a. ever - the law does not allow it.

b. unless there are unforeseen circumstances.

c. only if their religious advisor recommends it.

The settlement of claims, also known as accord and satisfaction, requires that the debt be

Select one:

a. Either liquidated or unliquidated.

b. Liquidated.

c. Unliquidated.

d. Neither liquidated or unliquidated.

Which of the following is not an element of Promissory Estoppel?

Select one:

a. Reasonable Reliance on the promise.

b. A definite promise.

c. A substantial detriment or injury.

d. A reasonable excuse for failing to perform the promise.

In the case of unforeseen circumstances, the parties may

Select one:

a. rescind the contract.

b. modify the contract.

c. both of the above.

d. neither of the above.