The fact that each party has received a benefit and suffered a detriment means that the consideration
Question:
The fact that each party has received a benefit and suffered a detriment means that the consideration has legal value. True/False
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
Answered By
Chiranjib Thakur
I have no tutoring experience yet, but I can share my skills and knowledge gained from my education and work experiences. I have been a CPA since 2012 with 6 years of work experience in internal auditing and 4 years of work experience in accounting at the supervisory level.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Business Law With UCC Applications
ISBN: 9780073524955
13th Edition
Authors: Gordon Brown, Paul Sukys
Question Posted:
Students also viewed these Social Science questions
-
The fundamental problem with a sales orientation is a lack of understanding of the needs and wants of the marketplace. a. True b. False
-
The term 'management information systems' has several popular meanings. Many writers use the term as a synonym for 'information systems'. In this text we use MIS to describe a broad class of IS, the...
-
. Consider a causal, linear, and time-invariant discrete-time system having a transfer function of 1 1 H(z) for 1>2 and an input signal, {x[n]}, having a Z-transform of X(z) = = 1_ I 2 1 Z-1 for z>1....
-
Katz Hat Shop received a shipment of hats for which it paid the wholesaler $2,970. The price of the hats was $3,000, but Katz was given a $30 cash discount and required to pay freight charges of $50....
-
The oceans contain a tremendous amount of thermal (internal) energy. Why, in general, is it not possible to put this energy to useful work?
-
As in Exercise 10.2, four students order noodles at a certain local restaurant. Their orders are placed independently. Each student is known to prefer Japanese pan noodles 40% of the time. How many...
-
What kind of financial advantages does a company gain from building a plant that generates zero pollution (at a relatively high cost) versus building one that pollutes (at a relatively low cost)...
-
A market research consultant hired by a leading soft-drink company is interested in estimating the difference between the proportions of female and male consumers who favor the companys low-calorie...
-
Casey Nelson is a divisional manager for Pigeon Company. His annual pay raises are largely determined by his division's return on investment (ROI), which has been above 24% each of the last three...
-
The legal term used to designate the gain that each party experiences is the partys legal benefit. True/False
-
What issues are involved in the cyber-payment process?
-
U.S. Bureau of Economic Analysis. Use the following Bureau of Economic Analysis (U.S. government) and the Ministry of Finance (Japanese government) Web sites to find the most recent balance of...
-
Your task is to check the internet and the?Common Vulnerabilities and Exposures (CVE) List?for networked IoT or?IoMT?devices with publicly known problems identified in the past six months.?? Select...
-
The first quarter tax return needs to be filed for Prevosti Farms and Sugarhouse by April 15, 2021. For the taxes, assume the second February payroll amounts were duplicated for the March 5 and March...
-
ABC Boating had a large fire that destroyed many of their boats ready to go to market. ABC decided to lay off a large number of employees rather than continue to pay them. The wages that this group...
-
HOW BEER IS MADE The beer-making process is an art. It takes time, patience and quite a bit of experimentation to find that perfect flavour. Once you have found the right mix, you can replicate it,...
-
Justine, an underwriter at NewWorld Insurance is working with her company's premium auditing department. Which one of the following is true regarding this collaboration? Available answer options...
-
Consider a steady-flow Carnot refrigeration cycle that uses refrigerant-134a as the working fluid. The maximum and minimum temperatures in the cycle are 30 and - 20oC, respectively. The quality of...
-
What is master production scheduling and how is it done?
-
For purposes of determining income eligibility for the premium tax credit, household AGI is a. AGI for the taxpayer and spouse b. AGI for the taxpayer, spouse, and any other household members...
-
Which of the following is not a requirement to receive the premium tax credit for health care in 2022? a. Health care through the employer is not available b. Health insurance is purchased through...
-
Mabel and Marty are married filing jointly and incurred $8,900 of child care expenses in 2022 for their 6-year-old son. Mabel has earned income of $35,000. Marty is a student and attended classes for...
-
Crane, Inc., a resort management company, is refurbishing one of its hotels at a cost of $6,794,207. Management expects that this will lead to additional cash flows of $1,560,000 for the next six...
-
Match each of the following transactions with the applicable internal control principle that is being violated
-
Vaughn Company sells two types of pumps. One is large and is for commercial use. The other is smaller and is used in residential swimming pools. The following inventory data is available for the...
Study smarter with the SolutionInn App