Multiple Choice
Rob repairs a door for Howard.In return, Howard is supposed to pay Rob $75 on November 1 at Howard's house. Which of the following would constitute legally sufficient consideration?
A) Howard pays Rob $60 on November 1 but, after checking with Rob, brings payment to Rob's house.
B) Rob comes to Howard's house to collect the $75 on November 1, but Howard only has $50.Rob tells Howard to forget the other $25.
C) Since this is an unliquidated debt, the only legally sufficient consideration is Howard's payment of $75 to Rob on November 1 at Howard's house.
D) Since this is a liquidated debt, the only legally sufficient consideration is Howard's payment of $75 to Rob on November 1 at Howard's house.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: A few states provide by statute that
Q15: Charitable subscriptions are one of the most
Q20: Sue owes $5,000 to the First National
Q33: The requirement of legally sufficient consideration:<br>A) is
Q37: In some states a promise under seal
Q41: Stan purchased 400 pairs of gloves from
Q46: In settling a liquidated debt,payment of a
Q51: According to the UCC,only a merchant can
Q53: Consideration does not require an actual benefit
Q59: Andrew agrees to paint Betty's house for