Explain what is understood in contract law by the statement Consideration must be sufficient but need not
Question:
Explain what is understood in contract law by the statement ‘Consideration must be sufficient but need not be adequate’.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 45% (11 reviews)
In contract law the consideration must be sufficie...View the full answer
Answered By
Rohit singh
I have been tutoring for over 2 years now and have experience with a wide range of subjects and students. I have a Bachelor's Degree in Renewable Energy and Environmental Physics. I am also a certified teacher and have experience working in the classroom. I am patient and adaptable, and I truly enjoy working with students one-on-one to help them succeed.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Social Science questions
-
a) Explain what is understood by the following terms: (4) i. Octet rules. ii. Ionisation energy.
-
Contract law gives minors substantial legal protection. But does a modem high school student need so much protection? Older teens may have been naive in the 1700s, but today, they we quite savvy....
-
Explain why mixed-mode buying needs to be understood by those managing an e-commerce site.
-
Provide a detailed description of the JDBC three-tier model and its function.
-
An experiment consists of tossing a coin twice and observing the sequence of coin tosses. The sample space consists of four outcomes 1 = (H, H), 2 (H, T), 3 (T, H), and 4 (T, T). Suppose the coin...
-
Selected accounts of Al-Kazaz SJSC are shown below. Instructions After analyzing the accounts, journalize (a) the July transactions and (b) the adjusting entries that were made on July 31. Supplies...
-
1. Shelby wrote the check shown below to Dana. When is it payable and for how much? SHELBY CASE 3020 CREST DRIVE ALVIN, TX PAY TO THE Dana Locke ORDER OF Three Hundred Eighty-Two LAST NATIONAL BANK...
-
For many years, Diehl Company has produced a small electrical part that it uses in the production of its standard line of diesel tractors. The company's unit product cost for the part, based on a...
-
Answer the question asap. Hayes Company has provided information concerning items taken from its financial statements to assist you in preparing its statement of cash flows, direct method: 1....
-
A firm is considering the purchase of a new machine to increase the productivity of existing production process. All the alternatives have a life of 10 years and they have negligible market value...
-
Dr Know, a well-known academic, is due to speak at the Annual Brighton Small Business Conference. She arrives early and books into the Ship Hotel, owned by Leisure Ltd. She has stayed there on a...
-
In social and domestic agreements what presumption is made with regard to intention to create legal relations? How does this differ from the approach to intention in business agreements? Give...
-
Methane is contained in a pistoncylinder device and is heated at constant pressure of 4 MPa from 100 to 350C. Determine the heat transfer, work and entropy change per unit mass of the methane using...
-
What is the effect of a fundamental uncertainty on the auditors report?
-
Why is the control environment the foundation of internal control?
-
Prove that the groups $(\operatorname{Mat}(n, \mathbb{R}),+)$ and $\left(\mathbb{R}^{n^{2}},+ ight)$ are isomorphic.
-
Which of the following is not part of the control environment? a. Management philosophy and operating style. b. Organizational structure. c. Information and communication systems. d. Assignment of...
-
Which of the following is not a characteristic of the primarily substantive approach? a. The auditor usually gathers all or most of the evidence with substantive tests. b. Usually little or no...
-
Why can "dollar sales per employee" be viewed as a measure of organizational productivity? What actions can managers take to increase productivity?
-
Provide a draft/outline of legal research involving an indigenous Canadian woman charged with assault causing bodily harm under (Sec 267b) of the Criminal Code, where the crown wants a 12-month jail...
-
Was the NLRBs order to bargain justified?
-
Presumably, all of these workers were employees at will. That means that management has the right to terminate them at any time. How can the company get in trouble for doing what it had a legal right...
-
1. Is the court ordering the company to allow a vote on the union? 2. Why do courts use bargaining orders in cases like this?
-
Every summer, Jasmine and Tanya have stayed in a hotel at the same location. The hotel has changed ownership three times and has had two different names during that same period, but Jasmine and Tanya...
-
Constructive conflict in organizations can result in: Group of answer choices increased motivation and productivity participants focusing on hurting or annihilating each other losing sight of their...
-
3 Contacts and accounts show you at-a-glance insights, including: A Related lists, list views, and performance chart. B C D Display all fields, next steps reminders, and notifications. Activity...
Study smarter with the SolutionInn App