menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law
  4. Exam
    Exam 10: A: Nature and Terminology
  5. Question
    A Contract Can Be Created Only When a Promise Is
Solved

A Contract Can Be Created Only When a Promise Is

Question 19

Question 19

True/False

A contract can be created only when a promise is given in exchange for another promise.

Correct Answer:

verifed

Verified

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

Related Questions

Q10: An unenforceable contract is one that cannot

Q11: Informal contracts include all contracts other than

Q14: Macro Corporation and Micro,Inc. ,enter into an

Q15: An executory contract is one that has

Q17: Following negotiations with Lester's Landscaping for maintenance

Q20: On May 1,Faith,a real estate agent,and Grace,a

Q21: In negotiations with Diamond Refining Company,Coastal Oil,Inc.

Q22: On behalf of the rock group Uno,their

Q23: Jack promises to buy Kelly's computer for

Q24: An offer to form a unilateral contract

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