Question: Consideration is value, bargained for and given in exchange for a(n) Multiple Choice legal; act or promise equitable; act or promise legal; promise or gift

Consideration is value, bargained for and given in exchange for a(n)

Consideration is value, bargained for and given in exchange for a(n) Multiple Choice legal; act or promise equitable; act or promise legal; promise or gift equity; act or gift

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 Finance Questions!

Consideration is _ _ _ _ _ _ _ _ _ _ value, bargained for and given in exchange for a ( n ) _ _ _ _ _ _ _ _ _ _ . Multiple Choice equity; act or gift equitable; act or promise legal; act or promise...

1. Was VAAF contractually obligated to pay Chad for refraining from smoking? 2. Was there consideration to support its promise to pay $500? 3. Are there other facts you need to know to make that...

Consideration, as it relates to contracts, is which of the following? A Social value and legal value traded for monetary value. B Equal value, bargained for and given in exchange for an act or a...

Please reply to the peers discussion. According to Prenkert, et al., consideration is, "legal value, bargained for and given in exchange for an act or a promise." There are two ways that an act or a...

Please reply to this peer discussion A contract is made up of four elements, the offer, acceptance, consideration, and capacity. Legal consideration is defined by Barnes et. al., (2022) as, "a basic...

Chapter 6 from The Legal and Ethical Environment of Business was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as...

Please following 5 cases do summary per each and organize your answer as a lawyer using IRAC (Issue; Rule; Application and Conclusion)? Dougherty v. Salt 125 N.E. 94(1919) Cardozo, J. The plaintiff,...

BUSINESS LAW I FINAL EXAMINATION/Winter 2021 Section I. TRUE/FALSE . ( Max. 20 Points ) For each of the following statements, indicate (with a "T" or "F") whether the statement is True or False. Each...

In the gravimetric analysis of iron, hydroxide may be added to a solution containing Fe3+ to precipitate a gelatinous mess which is ignited to form Fe2O3. If 0.2864 grams of Fe2O3 were formed from...

Flint Tooling Company is considering replacing a machine that has been used in its factory for two years. Relevant data associated with the operations of the old machine and the new machine, neither...

Forensic accountants often engage with which type of professionals during their investigations? Group of answer choices Architects Artists Attorneys Doctors

tion and Instructions Reaction Paper N . 1 includes units 1 , 2 , and 3 . The paper should include three different topics: one topic per unit. The topics could also be suggested by your Professor....

3. Analyzing a Film. View a feature film or a video (e.g., Chir-raq or Brooklyn) and assume the position of a researcher. Analyze the cultural meanings in the film from each of the three...

d. How were you expected to contribute to family life?

2. Analyzing Cultural Patterns. Find a text or speech that discusses some intercultural or cultural issues, and analyze the cultural patterns present in the text. Consider, for example, the I Have a...