menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law
  4. Exam
    Exam 13: Consideration
  5. Question
    In Contract Law, the Term Consideration Refers to the Serious
Solved

In Contract Law, the Term Consideration Refers to the Serious

Question 32

Question 32

True/False

In contract law, the term consideration refers to the serious thought that underlies a party's intent to enter into a contract.

Correct Answer:

verifed

Verified

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

Related Questions

Q8: Risks ordinarily assumed in business constitute consideration

Q27: D'Sean promises to pay his personal assistant

Q28: Delightful Weddings, LLC, and Event Catering Inc.

Q30: An obligation is enforceable only if it

Q33: A release bars any further recovery beyond

Q34: The element of bargained-for exchange distinguishes contracts

Q35: Ross promises to pay Sara, his niece,

Q36: In contract law, "consideration" refers to the

Q37: Rescission is the remaking of a contract

Q37: While sailboarding, Jolene is injured when Kirby

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