Question: In a contract, as written, D promises to pay C P10,000 on September 15, 2020. The consideration received by D is not stated in the

In a contract, as written, D promises to pay C P10,000 on September 15, 2020. The consideration received by D is not stated in the contract.

a.The contract is valid because the cause is always presumed to exist.

b.The contract is valid so long as it is in writing.

c.The contract is valid because cause is not essential to a contract.

d.The contract is void because the cause is not stated.

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 Accounting Questions!

Q:

I am trying this question in JAVA 8 but the thing is when I run this code I am getting extra columns and 2 extra "-" in the output. You have an array of numbers and you would like to print these...

Q:

In a contract, as written, D promises to pay C P10,000 on September 15, 2020. The consideration received by D is not stated in the contract. a.The contract is valid because the cause is always...

Q:

In a contract, as written, D promises to pay C P10,000 on September 15, 2020. The consideration received by D is not stated in the contract. a.The contract is valid because the cause is always...

Q:

In a contract, as written, Dave promises to pay Carlo P20,000 on September 15, 2007. The consideration received by Dave is not stated in the contract: a. The contract is valid because the cause is...

Q:

Please answer the attched files thank you ESSENTIAL REQUISITES OF CONTRACTS Object of Contracts 377 III. Problems Explain or state briefly the rule or reason for your answer. S sold to B for P100,000...

Q:

urgent help. please Walter begins pouring cement for a driveway on Mark's property under a contract between the parties. Halfway through the job, Walter asks for $3,000 more over the contract price,...

Q:

ANALYSIS OF THE MOLVANIAN FARMOUT AGREEMENT Your client, Rockies Oil Co., has asked you to provide advice based on a Farmout Agreement (marked "Appendix A") and the following facts: Rockies Oil and...

Q:

ANALYSIS OF THE MOLVANIAN FARMOUT AGREEMENT Your client, Rockies Oil Co., has asked you to provide advice based on a Farmout Agreement (marked "Appendix A") and the following facts: Rockies Oil and...

Q:

BUSINESS LAW I SUMMER III2019 PROFESSOR J. ZAVAGLIA BUSINESS LAWI MID-TERMEXAM 1.AN IMPLIED CONTRACT CAN BEST BE DEFINED AS: (A)WILL NOT BE RECOGNIZED AS ENFORCEABLE BY THE COURTS (B)A TRUE FORMOF A...

Q:

BUSINESS LAW I SUMMER III2019 PROFESSOR J. ZAVAGLIA BUSINESS LAWI MID-TERMEXAM 1.AN IMPLIED CONTRACT CAN BEST BE DEFINED AS: (A)WILL NOT BE RECOGNIZED AS ENFORCEABLE BY THE COURTS (B)A TRUE FORMOF A...

Q:

Question 1 Ambrose enters into a contract to buy Monk's Winery. If Monk breaches the contract by refusing to deliver the title to the property, Ambrose's best remedy to get the property is Select one...

Q:

Paddieboard Inc. began operations on January 1, 2019. Its post-closing trial balance at December 31, 2019 and 2020, is shown below along with some other information. Income Statement For Year Ended...

Q:

Consider the following items: a. A company has advanced $15,000,000 to an advertising agency to develop a branding strategy and advertisements for a new product it plans to launch next year. b. A...

Q:

*12216. If block B is moving down with a velocity vB and has an acceleration aB, determine the velocity and acceleration of block A in terms of the parameters shown. SA Th Prob. 12-216 B VB, 3B

Q:

A toy similar to letter H in shape is made by fixing two identical cylinders at the ends of a light rod of length I. The toy is placed on a frictionless horizontal floor, which terminates Into a...

Q:

Among the following how many are amphoteric oxides CO. NO. N20. Cl207. Al203 and. Backspace 78 9 4 5 6 1 2 3 Clear All

Q:

First and second ionization energy of an element 'M' are 600 KJ/mole and 1600 KJ/mole. If 1000KJ of energy is supplied to one mole of vapours of 'M' then in the resulting mixture mole percentage of...

Q:

Find total number of third period element having less ionization energy than "adjacent" element. Backspace 7 8 9 4 5 6 1 2 3 Clear All

Q:

The electron affinity of chlorine is 3.7 eV. How much energy in kJ is released when 0.5 g of chlorine atoms are completely converted to Cl ions in gaseous state? Backspace 7 8 9 4 5 6 1 23 Clear All

Q:

Question 7 . Given the following simple maze, convert the maze into a graph. ( 5 points ) Question 8 . Implement depth first search in the maze function in homework 1 . py . ( 2 0 points ) Question 9...

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.

Q:

The spatial rule: The closer spatial proximity we have to an event, the more importance we will attach to it.