Multiple Choice
The UCC provides that "any claim or right arising out of an alleged breach can be discharged in whole or in part without consideration by a written waiver or renunciation signed and delivered by the aggrieved party." Such a written agreement is called a:
A) general release.
B) mutual release.
C) barren promise.
D) preexisting duty.
Correct Answer:
Verified
Correct Answer:
Verified
Q34: Consideration required in an enforceable contract can
Q35: Valid consideration must be either the performance
Q36: Some agreements that lack consideration are:<br>A) enforceable.<br>B)
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Q38: Identify four kinds of agreements that lack
Q40: The promise to refrain from doing something
Q41: Describe agreements supported by moral consideration.
Q42: Statutes, in some states, have permitted a
Q43: The promisor may make a promise to
Q44: The Uniform Commercial Code dispenses with the