Multiple Choice
On March 1, Al agrees to sell Barb his house for $250,000. Barb pays a deposit of $15,000, and they agree that title will transfer and the price will be paid on April 30. The agreement is signed by both parties under seal. What is the consideration on Barb's part?
A) quantum meruit
B) there is no consideration
C) the deposit of $15,000
D) the promise to pay the $250,000
E) the seal
Correct Answer:

Verified
Correct Answer:
Verified
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Q2: An intention to create legal relations exists
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Q5: Quantum meruit is<br>A) the amount of money
Q6: A promise that is made without bargaining
Q7: When a contract is sealed,<br>A) a party
Q8: The principle of injurious reliance is<br>A) the
Q10: The use of a seal to make
Q11: Consideration is<br>A) the offer that is made
Q47: Injurious reliance and equitable estoppel are two