menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law in Canada
  4. Exam
    Exam 6: The Elements of a Contract: Consensus and Consideration
  5. Question
    A Contract Is Binding If the Consideration Involved Is a Commitment
Solved

A Contract Is Binding If the Consideration Involved Is a Commitment

Question 14

Question 14

True/False

A contract is binding if the consideration involved is a commitment not to do something, as opposed to a promise to do something.

Correct Answer:

verifed

Verified

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

Related Questions

Q9: Discuss the implications of a creditor agreeing

Q10: If a person offers to hold his

Q11: Which of the following shows accurate use

Q12: Berman made a documentary on the life

Q13: Mo drove his car to a shopping

Q15: You owe Mr. Store $900 for goods

Q16: XYZ company, a distributor of auto parts,

Q17: There is a principle that says when

Q18: The promise to make a charitable donation

Q19: Joe was a contractor and hired subtrades

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