Question: Consideration required in an enforceable contract can take various forms such as exchange of promises, forbearance, and pledges or subscriptions. True False

Consideration required in an enforceable contract can take various forms such as exchange of promises, forbearance, and pledges or subscriptions.
True
False
Consideration required in an enforceable contract can take various forms such

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:

1 1 . Mistakes relating to contracts may be concerned with the nature of the subject matter or the quality of the subject matter. True False 1 2 . Consideration in a contract may be more than just...

Q:

(business some true or false some question) 1-Why is it important to know if a contract in unilateral or bilateral? 2-Implied contracts are never enforceable. 3-In general, courts do not attempt to...

Q:

(businnies true and false) What are the four elements of a valid contract? Why is it important to know if a contract in unilateral or bilateral? Implied contracts are never enforceable. In general,...

Q:

True or False Question Consideration required in an enforceable contract can take several forms. True False Need help? Review these concept resources.

Q:

Consideration required in an enforceable contract can take which of the following forms? Multiple Choice Pledges or subscriptions An exchange of promises Forbearance All of these can be valid...

Q:

1. Daniel Dimwit sees an advertisement for a toaster oven at Target for the price of $49.00. When he gets to Target they are all sold out. Sears has the same toaster oven for $60.00. Can Mr. Dimwit...

Q:

Question 1 Bill downloaded an antivirus software from the Internet. Under the Uniform Commercial Code (UCC), the software is a: good. service. good-faith warranty. mixture of goods and services. 2...

Q:

Briefly discuss the three leading approaches to determining the disposition of a pre-embryo upon divorce, as discussed by the Connecticut Supreme Court in Bilbao v. Goodwin : (1) the contractual...

Q:

18. A corporation itself may be convicted of a crime. A. True B. False 19. An employee who commits a crime because he was ordered by his boss to commit the crime has a good defense to any criminal...

Q:

This is an introduction of low class, so the concept is a basic. Please answer below questions as much as you can. Note, The length of the answer can be short. We learned about TORT LAW in this week....

Q:

If the circumference of the region that lies inside both of the polar curves r = 1+ cos 0 and r2 = 3 cos 0 is 7 + x units, what is the value of x ?

Q:

A company is considering the purchase of a new machine, which costs 4,000 YTL. 2,000 YTL of this money is financed from the firm's equity funds and the remaining 2,000 YTL of this money will be...

Q:

Which of the following is TRUE regarding an indeterminate premium whole life policy? A . The premium is usually higher in the first few years of the policy. B . The premium can be raised up to a...

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...