Question: According to Ch. 11, explain what is consideration and explain the two (2) elements that are necessary. According to Ch. 11, explain what is consideration

According to Ch. 11, explain what is consideration and explain the two (2) elements that are necessary. According to Ch. 11, explain what is consideration and explain the two (2) elements that are necessary

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 Law Questions!

Use Fig. 6.3 to specify suitable Schedule 40 pipe sizes for carrying the given volume fl ow rate of water in the suction line and in the discharge line of a pumped distribution system. Select the...

Select a state regulation from a state of your choice on the following topic: Alcohol and drug treatment varies widely across states. Select a state and note the specific regulations about drug...

Instructions: 1. Mention the parties involved in the case, duly identified as plaintiffs or defendants, etc. 2. What is the main controversy that arises in the case. (The controversy It is always...

Chapter 10 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Help Needed! I need someone to please go over my workbook for me. I am doing a 10K on GAP Inc. and have to do the workbook. Need to double check my figures please. Kindly find attach a copy of the...

Chapter 12 Preparing To Write Business Reports Mary Ellen Guffey, Business Communication: Process and Product, 5e Copyright 2006 What Are Business Reports? Business reports are systematic attempts to...

The corporation was established in 1968 - it was growing rapidly under the leadership of Mr. Kawasaki until he retired. since then, All the general managers that succeeded him failed to keep the...

PLEASE INCLUDE REFERENCE AND DETAILED EXPLAINATION OF EACH TOPIC THANK YOU The corporation was established in 1968 - it was growing rapidly under the leadership of Mr. Kawasaki until he retired....

I need help answering two essay questions which are due 10/18 Weds. You must choose 2 out of 4 essay topics to write on and have a 2 hr time limit once we start. I will provide slides and supporting...

Hi there, I have a presentation needed to be done next week. Company Law course. there is an article to read and summarize so I can present in 4 to 5 minutes. Could anyone help me to do this before...

The guidance system of a ship is controlled by a computer that has three major modules. In order for the computer to function properly, all three modules must function. Two of the modules have...

Using nodal analysis, find v, and v2 in the circuit of Fig. 10.3. 0.2 F v2 ww 2 2 H 3vx 10 cos (21) A ww ell

Simplify each of the following expressions. (a) *** (c) + a (b) (d)

At 9:30 one morning, a graduate student measures 350 grams of liquid benzene at 20C into a glass flask dirty enough that its contents cannot be seen, puts the open flask on a Bunsen burner, turns the...

Table 18P-2 shows current carbon emissions and the cost of reducing carbon emissions for three industrial firms. The government introduces a cap-and-trade policy to regulate carbon emissions. The...

1. What are your thoughts on this comment? Younger workers today face some serious challenges in deciding where to invest their retirement funds. 2. Do you know anyone who has estimated his or her...

In anthropological studies, an important characteristic of fossils is cranial capacity. Frequently skulls are at least partially decomposed, so it is necessary to use other characteristics to obtain...

Two former roommates from college contact you about an opportunity to make big money. Their idea is to start a business to market a new video game system (the computer science major developed the...

Among a group of 5 8 programmers, who know either Java or Python or both, 1 5 only know Java and 1 3 only know Python. What is the probability of randomly choosing a programmer who knows both...

Just-in-time methods. McNeal Products uses a just-in-time system. To produce 2.000 units for an order, it purchased and used materials costing $50,000, and incurred other manufacturing costs of...

Comparing job costs to management's expectations. Sierra Construction Company uses a job costing system. It applies overhead to jobs at a rate of 55 percent of direct labor cost. On August 1. the...

Actual costs and normal costs. American River Company uses a predetermined rate for applying overhead to production using normal costing. The rates lor Year I follow: variable, 200 percent of direct...