Question 1

When consideration is in dispute an accord and satisfaction can be executed.

Accepted Answer

True

Question 2

A past moral obligation is unsupported by consideration, and&#10;A)enforceable.&#10;B)unenforceable.&#10;C)illegal.&#10;D)unjust.

Accepted Answer

B

Question 3

All contracts must have consideration to be enforceable.

Accepted Answer

False

Question 4

Consideration is the value paid for the promise.

Accepted Answer

The answer of Consideration is the value paid for the...

Question 5

Promissory estoppel focuses on principles of fairness and justice.

Accepted Answer

The answer of Promissory estoppel focuses on principles of fairness...

Question 6

The doctrine of promissory estoppel focuses on which of the following?&#10;A)Fairness&#10;B)Justice&#10;C)All of the above&#10;D)None of the above

Accepted Answer

The answer of The doctrine of promissory estoppel focuses on...

Question 7

A compromise and settlement agreement can also be known as which of the following?&#10;A)Accord&#10;B)Satisfaction&#10;C)Accord and satisfaction&#10;D)Compromise

Accepted Answer

The answer of A compromise and settlement agreement can also...

Question 8

Consideration consists of&#10;A)a benefit.&#10;B)a detriment.&#10;C)all of the above.&#10;D)none of the above.

Accepted Answer

The answer of Consideration consists of&#10;A)a benefit.&#10;B)a detriment.&#10;C)all of the...

Question 9

Once a statute of limitation passes, a party cannot validly exercise his or her rights.

Accepted Answer

The answer of Once a statute of limitation passes, a...

Question 10

One of the keys to finding promissory estoppel in a contract is&#10;A)foreseeability.&#10;B)reliance.&#10;C)detriment.&#10;D)both a and b

Accepted Answer

The answer of One of the keys to finding promissory...

Question 11

For consideration to exist the value must be which of the following?&#10;A)Legal&#10;B)Illusory&#10;C)Preexisting&#10;D)Substantial

Accepted Answer

The answer of For consideration to exist the value must...

Question 12

Consideration may be&#10;A)services.&#10;B)forbearance.&#10;C)property.&#10;D)all of the above.

Accepted Answer

The answer of Consideration may be&#10;A)services.&#10;B)forbearance.&#10;C)property.&#10;D)all of the above....

Question 13

For consideration to exist there must be a legal detriment or legal benefit.

Accepted Answer

The answer of For consideration to exist there must be...

Question 14

Consideration can only consist of money.

Accepted Answer

The answer of Consideration can only consist of money....

Question 15

Services cannot be used for consideration.

Accepted Answer

The answer of Services cannot be used for consideration....

Question 16

A promise that gives a false impression of a contract is&#10;A)illusory.&#10;B)unconscionable.&#10;C)preexisting duty.&#10;D)consideration.

Accepted Answer

The answer of A promise that gives a false impression...

Question 17

Promise of a gift is enforceable as valid consideration.

Accepted Answer

The answer of Promise of a gift is enforceable as...

Question 18

When a party has a preexisting duty, there is a bargained for exchange.

Accepted Answer

The answer of When a party has a preexisting duty,...

Question 19

A claim for a specific sum is which of the following?&#10;A)Unliquidated&#10;B)Liquidated&#10;C)Penal&#10;D)Unconscionable

Accepted Answer

The answer of A claim for a specific sum is...

Question 20

The time period in which a party must file a lawsuit is&#10;A)a cause of action.&#10;B)an accord.&#10;C)the statute of limitations.&#10;D)a compromise.

Accepted Answer

The answer of The time period in which a party...

Question 21

Match between columns&#10;                        Premises: A benefit to the promisor or detriment to the promisee bargained for and given in exchange for a promise. &#10;A benefit to the promisor or detriment to the promisee bargained for and given in exchange for a promise. &#10;A benefit to the promisor or detriment to the promisee bargained for and given in exchange for a promise. &#10;A benefit to the promisor or detriment to the promisee bargained for and given in exchange for a promise. &#10;A benefit to the promisor or detriment to the promisee bargained for and given in exchange for a promise. &#10;A benefit to the promisor or detriment to the promisee bargained for and given in exchange for a promise. &#10;A benefit to the promisor or detriment to the promisee bargained for and given in exchange for a promise. &#10;A benefit to the promisor or detriment to the promisee bargained for and given in exchange for a promise. &#10;A benefit to the promisor or detriment to the promisee bargained for and given in exchange for a promise. &#10;A benefit to the promisor or detriment to the promisee bargained for and given in exchange for a promise. &#10;A prior responsibility to act or not act on doing something. &#10;A prior responsibility to act or not act on doing something. &#10;A prior responsibility to act or not act on doing something. &#10;A prior responsibility to act or not act on doing something. &#10;A prior responsibility to act or not act on doing something. &#10;A prior responsibility to act or not act on doing something. &#10;A prior responsibility to act or not act on doing something. &#10;A prior responsibility to act or not act on doing something. &#10;A prior responsibility to act or not act on doing something. &#10;A prior responsibility to act or not act on doing something. &#10;A promise by one party with no exchange of value. &#10;A promise by one party with no exchange of value. &#10;A promise by one party with no exchange of value. &#10;A promise by one party with no exchange of value. &#10;A promise by one party with no exchange of value. &#10;A promise by one party with no exchange of value. &#10;A promise by one party with no exchange of value. &#10;A promise by one party with no exchange of value. &#10;A promise by one party with no exchange of value. &#10;A promise by one party with no exchange of value. &#10;Tune period in which a lawsuit must be filed. &#10;Tune period in which a lawsuit must be filed. &#10;Tune period in which a lawsuit must be filed. &#10;Tune period in which a lawsuit must be filed. &#10;Tune period in which a lawsuit must be filed. &#10;Tune period in which a lawsuit must be filed. &#10;Tune period in which a lawsuit must be filed. &#10;Tune period in which a lawsuit must be filed. &#10;Tune period in which a lawsuit must be filed. &#10;Tune period in which a lawsuit must be filed. &#10;Promise that gives the false impression of a contract. &#10;Promise that gives the false impression of a contract. &#10;Promise that gives the false impression of a contract. &#10;Promise that gives the false impression of a contract. &#10;Promise that gives the false impression of a contract. &#10;Promise that gives the false impression of a contract. &#10;Promise that gives the false impression of a contract. &#10;Promise that gives the false impression of a contract. &#10;Promise that gives the false impression of a contract. &#10;Promise that gives the false impression of a contract. &#10;Services, money, property, or acts of forbearance constituting forms of consideration. &#10;Services, money, property, or acts of forbearance constituting forms of consideration. &#10;Services, money, property, or acts of forbearance constituting forms of consideration. &#10;Services, money, property, or acts of forbearance constituting forms of consideration. &#10;Services, money, property, or acts of forbearance constituting forms of consideration. &#10;Services, money, property, or acts of forbearance constituting forms of consideration. &#10;Services, money, property, or acts of forbearance constituting forms of consideration. &#10;Services, money, property, or acts of forbearance constituting forms of consideration. &#10;Services, money, property, or acts of forbearance constituting forms of consideration. &#10;Services, money, property, or acts of forbearance constituting forms of consideration. &#10;When a party sacrifices something in a transaction. &#10;When a party sacrifices something in a transaction. &#10;When a party sacrifices something in a transaction. &#10;When a party sacrifices something in a transaction. &#10;When a party sacrifices something in a transaction. &#10;When a party sacrifices something in a transaction. &#10;When a party sacrifices something in a transaction. &#10;When a party sacrifices something in a transaction. &#10;When a party sacrifices something in a transaction. &#10;When a party sacrifices something in a transaction. &#10;A prior existing promise made for some future act. &#10;A prior existing promise made for some future act. &#10;A prior existing promise made for some future act. &#10;A prior existing promise made for some future act. &#10;A prior existing promise made for some future act. &#10;A prior existing promise made for some future act. &#10;A prior existing promise made for some future act. &#10;A prior existing promise made for some future act. &#10;A prior existing promise made for some future act. &#10;A prior existing promise made for some future act. &#10;When a party gains something in a transaction. &#10;When a party gains something in a transaction. &#10;When a party gains something in a transaction. &#10;When a party gains something in a transaction. &#10;When a party gains something in a transaction. &#10;When a party gains something in a transaction. &#10;When a party gains something in a transaction. &#10;When a party gains something in a transaction. &#10;When a party gains something in a transaction. &#10;When a party gains something in a transaction. &#10;A promise which reasonably induces action on the part of the promisee and such enforcement would be unjust. &#10;A promise which reasonably induces action on the part of the promisee and such enforcement would be unjust. &#10;A promise which reasonably induces action on the part of the promisee and such enforcement would be unjust. &#10;A promise which reasonably induces action on the part of the promisee and such enforcement would be unjust. &#10;A promise which reasonably induces action on the part of the promisee and such enforcement would be unjust. &#10;A promise which reasonably induces action on the part of the promisee and such enforcement would be unjust. &#10;A promise which reasonably induces action on the part of the promisee and such enforcement would be unjust. &#10;A promise which reasonably induces action on the part of the promisee and such enforcement would be unjust. &#10;A promise which reasonably induces action on the part of the promisee and such enforcement would be unjust. &#10;A promise which reasonably induces action on the part of the promisee and such enforcement would be unjust.

Accepted Answer

The Answer of past consideration and Value and statute of is...

Deck 4: Consideration: the Value for the Promise