Multiple Choice
Which of the following best describes the term "consideration"?
A) It refers to the record of a case sent for review to a higher court.
B) It indicates what the promisor demands and receives as the price for a promise.
C) It signifies a promissory note given by the promisor as a token of the transaction.
D) It refers to the promisor refraining from meeting a promise.
Correct Answer:
Verified
Correct Answer:
Verified
Q10: Which of the following constitutes valid consideration?<br>A)A
Q11: When charitable enterprises are financed by voluntary
Q12: When parties to a contract mutually agree
Q13: If the supposed consideration consists merely of
Q14: Which of the following is true of
Q15: For a promise to constitute consideration, the
Q16: Only financial items can constitute consideration.
Q17: Mark owes $2000 each to his business
Q18: The Uniform Commercial Code states that when
Q19: Performing or promising to perform what one