menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Contemporary Canadian Business Law
  4. Exam
    Exam 8: The Requirement of Consideration
  5. Question
    Consideration Is Defined as Something That Has Value in the Eyes
Solved

Consideration Is Defined as Something That Has Value in the Eyes

Question 17

Question 17

True/False

Consideration is defined as something that has value in the eyes of the law, and which a promisee receives in return for a promise.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q12: A Canadian multinational was interested in developing

Q13: A small municipality advertised a "call for

Q14: A and B are neighbours. Before A

Q15: The Queen's Wardrobe, a dressmaking boutique, agrees

Q16: Rita and her mother visit the bank

Q18: Chu, a non-swimmer, fell off a ferry

Q19: Chris offered to take Kelly to the

Q20: The court is not concerned about the

Q21: X owed Y a debt in the

Q22: The act of performing a contract or

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines