Multiple Choice
Statutes in many states have permitted a person who has a claim against another to give up, or release, his or her claim without an exchange of consideration by making a:
A) written statement to that effect.
B) soliloquy to that effect.
C) modification.
D) complaint to that effect.
Correct Answer:
Verified
Correct Answer:
Verified
Q27: The most common form of valid consideration
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
Q33: The most common form of valid consideration
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)
Q37: The exchange of money is a mandatory