Multiple Choice
As a general rule, a promise must be supported by consideration. Which of the following is an exception to the rule?
A) A non-charitable enterprise financed by the subscriptions of individuals
B) A promise to refrain from doing what one has no right to do
C) An act performed prior to the promise made by the promisor
D) An obligation of record such as a judgment
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Consideration distinguishes mere agreements from legally enforceable
Q2: A promise to steal a valuable piece
Q3: As a general rule, the adequacy of
Q4: As a general rule, a promise must
Q5: Blake has subscribed to a local charitable
Q7: Consideration is not necessary to support an
Q8: Generally, a part payment of a past-due
Q9: When one refrains or promises to refrain
Q10: Which of the following constitutes valid consideration?<br>A)A
Q11: When charitable enterprises are financed by voluntary