Question: How valuable does consideration have to be to make a promise binding? When might a court review the value of consideration?

How "valuable" does consideration have to be to make a promise binding? When might a court review the value of consideration?

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!

Q:

3. How valuable does consideration have to be to make a promise binding? When might a court review the value of consideration?

Q:

How valuable does consideration have to be to make a promise binding? When might a court review the value of consideration?

Q:

What must a plaintiff prove in order to succeed in a negligence action? Distinguish between libel and slander. What is meant by "privilege" in the context of defamation? What are "punitive damages"?...

Q:

58. Read the case below and then answer the three (3) questions. The questions are numbered 58.1 / 58.2 / 58.3. Baehr v. Penn-O-Tex Oil Corp. E.J. BAEHR AND ANOTHER v. PENN-O-TEX OIL CORPORATION. No....

Q:

3 2 points Consideration that will make a promise binding can be a variety of the things or situations. Valid Consideration No Answers Chosen Invalid Consideration No Answers Chosen Possible answers...

Q:

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,...

Q:

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,...

Q:

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,...

Q:

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...

Q:

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...

Q:

Show the products of these reactions: CH,OH a) (CH,CH),NH + CH,CH,Br ether b) CH;CH,NCH3 + CH,I CH3

Q:

Amy Dyken, controller at Fitzgerald Pharmaceutical Industries, a public company, is currently preparing the calculation for basic and diluted earnings per share and the related disclosure for...

Q:

26. PGA Tour Scores. Scores in the first and fourth (final) rounds for a sample of 20 golfers who competed in PGA tournaments are shown in the following table. Suppose you would like to determine if...

Q:

A company's EPS can most always be bolstered by managerial actions to: offer more camera/drone models to buyers than rivals; 7 models is ideal. achieve an A+ credit rating--the resulting lower...

Q:

The personal characteristics of the sender

Q:

The quality of the argumentation

Q:

The status rule: We tend to have more confidence in information presented by someone who has a relatively high status and rank in society than by someone who hasnt.