Multiple Choice
The most common form of valid consideration is:
A) the promise of money by one party for the promise of an act by another.
B) the promise of an act by one party for the promise of refraining from trade by the other party.
C) the promise of money by one party for the promise of restraining oneself from competitive trade by another.
D) the promise of an act by one party in exchange for a different act by another.
Correct Answer:

Verified
Correct Answer:
Verified
Q22: Discuss the situations in which the Uniform
Q23: The Uniform Commercial Code dispenses with the
Q24: What are the characteristics of valid consideration?
Q25: Consideration in a contract may be more
Q26: With respect to pledges and subscriptions, courts
Q28: The obligation to perform acts already required
Q29: A promise to pay an existing debt
Q30: A valid contract does not exist if
Q31: Sometimes the unequal bargaining power of parties
Q32: Statutes in many states have permitted a