menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law and the Regulation of Business Study Set 2
  4. Exam
    Exam 12: Consideration
  5. Question
    The Two Basic Elements to Consideration Are Legal Adequacy and a Bargained-For
Solved

The Two Basic Elements to Consideration Are Legal Adequacy and a Bargained-For

Question 25

Question 25

True/False

The two basic elements to consideration are legal adequacy and a bargained-for exchange.

Correct Answer:

verifed

Verified

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

Related Questions

Q2: Which of the following are the two

Q21: There are certain transactions that require consideration

Q23: Discuss the concept of adequacy of consideration.

Q26: Obligations contingent upon a stated event are

Q27: A gratuitous promise is a promise made

Q28: Is a promise to pay a pre-existing

Q28: Although such a gratuitous promise would be

Q30: Darla offers to pay Edward $6,000 for

Q43: Jerry received a bill for $300 from

Q65: Past actions unbargained for by the parties

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