Question: In contract law, the term consideration refers to: Question 2 6 options: The price paid for a product A legal promise or obligation Something of

In contract law, the term "consideration" refers to:
Question 26 options:
The price paid for a product
A legal promise or obligation
Something of value exchanged between parties
The time taken to perform the contract

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:

The chart shows average CO2 CO 2 emissions for fossil fuel vehicles (gasoline, diesel, and hybrid gas-electric), as well as electric vehicles. The abscissa is mg CO2 CO 2 per mile driven per pound...

Q:

In contract law, the term "consideration" refers to: a. the obligation of a court or arbitration panel to take into account the interests of all parties to a contract. b. the minimum age that a party...

Q:

Contract Law: General Theories 4000 4000 CONTRACT LAW: GENERAL THEORIES of the interpretation of most other legal documents, such as wills (see Chapter 5830) or legislative enactments (see Chapter...

Q:

Running Header; VIENNA AGREEMENT Hello , Updated , im ready to work with u sir ? and as I promises u ill send u money Please kindly to amend the search so that it is subject to the following points:...

Q:

Blaw 300/2030 Listen ReadSpeaker webReader: Listen Focus Which of the following is true? Question 1 options: Copyright ends at the time of death of the author of a work. Ownership of a trademark is...

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:

Evaluate the potential gains and losses for forwards,future,call options,put options and swaps. Outline and describe the different risks that each type of derivative contract faces. Describe...

Q:

A RT IC L E S Conflict Resolution in the Workplace: What Will the Future Bring? David Brubaker Cinnie Noble Richard Fincher Susan Kee-Young Park Sharon Press Collaborative processes to resolve conict...

Q:

please help me answer these 10 mcq following australian law. thank you! 1. The parol evidence rule means that: A. Contracts need not be in writing B. A contract in writing precludes the use of oral...

Q:

Introduction to Canadian Legal System True/False 1. Statutory law is judge made law. 2. Civil law deals mainly with torts and contract law. 3. A decision of the Supreme Court of Canada, is only...

Q:

Explain how a company that is adhering to the industry norms can find itself in violation of a law.

Q:

Explain the importance of audit assertions for financial statement audits. Define each of the following types of assertions: Existence Occurrence Completeness Cutoff Accuracy Rights and...

Q:

Pbysical counts are not required when a perpetual inventory system is used as the inventory is perpetually up to date. C 0 6 True False

Q:

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the companys...