Question: Valid consideration because it is past consideration Valid consideration because it is illusory consideration Valid consideration only if a sale of goods is involved Not

Valid consideration because it is past consideration
Valid consideration because it is illusory consideration
Valid consideration only if a sale of goods is involved
Not valid consideratio

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:

which of the following is true regarding past consideration? It is not consideration It is consideration that will support a binding contract It is consideration that will support a binding contract...

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:

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...

Q:

1 (0.5 points) Question 1 Saved Honor Code Statement. By selecting \"True\" I am stating that I will receive no assistance from any outside source, including notes, texts or other persons, while...

Q:

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 correct response is worth two (2) points....

Q:

BUSINESS LAW I FINAL EXAMINATION/FALL 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...

Q:

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 correct response is worth two (2) points. 1....

Q:

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...

Q:

BUSINESS LAW I FINAL EXAMINATION/FALL 2020 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...

Q:

What information should be placed on a decision tree?

Q:

Pilgrim Corporation manufactures a number of products. The company's predetermined overhead rate is $24 per direct working hour, calculated using the following budgeted data: Variable production load...

Q:

The number of common stock shares that a firm is allowed to issue ( without further voting by existing shareholders ) is called the . . . . . Group of answer choices treasury stock shares....

Q:

Make a statement of cashflows in good form. X X M Inbox 2,50 x M Logistics : * Course: ST: X|MyDrive- x B Group 2 Pex Course ID: Cth Moodle X C Get HomeX C Photos Screx Interview X + ....