menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    The Law of Contracts and the Uniform Commercial Code
  4. Exam
    Exam 4: Consideration: the Value for the Promise
  5. Question
    For Consideration to Exist the Value Must Be Which of the Following
Solved

For Consideration to Exist the Value Must Be Which of the Following

Question 2

Question 2

Multiple Choice

For consideration to exist the value must be which of the following?


A) Legal
B) Illusory
C) Preexisting
D) Substantial

Correct Answer:

verifed

Verified

Related Questions

Q1: Services cannot be used for consideration.

Q3: When consideration is in dispute an accord

Q4: A past moral obligation is unsupported by

Q5: Matching:

Q6: Once a statute of limitation passes, a

Q7: Promissory estoppel focuses on principles of fairness

Q8: The time period in which a party

Q9: A claim for a specific sum is

Q10: Consideration is the value paid for the

Q11: One of the keys to finding promissory

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