Multiple Choice
Kelsey promises to pay Jon,her son,$15,000 if he obtains his degree at Ivy University,where he is currently in his second year.Jon graduates.Kelsey is
A) not required to pay,because Jon was already at Ivy.
B) not required to pay,because obtaining a degree benefits Jon.
C) required to pay,because a job can be hard to find after college.
D) required to pay,because Jon obtained a degree at Ivy.
Correct Answer:
Verified
Correct Answer:
Verified
Q17: Two parties can mutually agree to rescind
Q23: If a debt is liquidated, an accord
Q28: Jen questions whether there is consideration for
Q29: Flossy promises to pay her cousin Garth,who
Q31: Use of the word consideration in an
Q32: Panini Vittles,Inc.,contracts with Qino to deliver its
Q35: Rescission is the dissolution of a contract
Q38: Parties are not generally free to bargain
Q48: A transaction that lacks a bargained-for exchange
Q55: A release does not require consideration to