Consideration is the value given in return for a promise. (True/False)
Question:
Consideration is the value given in return for a promise. (True/False)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
True Consideration is a fundamental concept in the law of contracts It refers to the value that is e...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
Question Posted:
Students also viewed these Social Science questions
-
A train is traveling south at 71.0 m/s when the brakes are applied. It slows down with constant acceleration to a speed of 6.00 m/s in a time of 9.00 s. What is the acceleration of the train during...
-
As the use of electronic communication at work has risen, new ethical issues involving worker privacy have emerged. Should employers be allowed to read employee e-mail, inspect their Face book pages...
-
Joe has scheduled a meeting with his management team for next week to talk about the Peninsula Hotel chain contract. He hopes that he will be able to work with them to draft a contract favorable to...
-
An order book displays the following information for stock ABC: Bid Shares 200 100 300 200 Price 25.76 25.66 25.62 25.54 Ask Price 25.82 25.94 25.98 26.06 Shares 100 200 200 400 What is the total...
-
A Eurodollar futures quote for the period between 5.1 and 5.35 year in the future is 97.1. The standard deviation of the change in the short-term interest rate in one year is 1.4%. Estimate the...
-
Chapter 11: Consolidations Theories, Push-Down Accounting and Corporate Joint Ventures: A. Describe in details the Comparison of Consolidation Theories
-
If they obtained a mortgage with a very small down payment, what concerns might Zoe and Luis encounter?
-
Fifty percent of the customers who go to Sears Auto Center for tires buy four tires and 30% buy two tires. Moreover, 18% buy fewer than two tires, with 5% buying none. a. What is the probability that...
-
Exchange Corp. is a company that acts as a facilitator in tax-favored real estate swaps. Such swaps, know as 1031 exchanges, permit participants to avoid some or all of the capital gains taxes that...
-
Promissory estoppel may prevent a party from using lack of consideration as a defense. (True/False)
-
A release is an agreement in which one party gives up the right to pursue a legal claim against another party. (True/False)
-
Maria Chavez makes custom mooring covers for boats in Tumpa, Florida. Each mooring cover is hand sewn to fit a particular boat. If covers are made for two or more identical boats, each successive...
-
The table below shows the population of Mozambique between 1960 and 2010. This data can be modelled using an exponential function of the form P = ab t , where t is the time in years since 1960 and a...
-
Southco is a medium-sized American-owned global manufacturer of access hardware solutions, such as latches and hinges, used for applications in the aircraft, railway, computer and automotive...
-
To what extent do staffing processes at the Dionysos reflect the strategic approach to recruitment and selection encapsulated by the conceptual framework and model depicted in Key Concepts 8.4 and...
-
Im an accounting major, not an operations expert, yelled just-promoted Bob Barthrow, the executive vice president of the Midwest Frequent Flyer Call Center, during a senior-level management meeting....
-
The Hudson Jewelers case study can be found in Appendix C. Chapter 14 Case Question for Discussion: 1.Customer demand (weekly visits) at Hudson Jewelers is highly seasonal, as shown in the worksheet...
-
What nominal annual rate of interest is paid on RRSP contributions of $1100 made at the end of each quarter for 15 years if the balance just after the last contribution is $106 000?
-
The following exercises are not grouped by type. Solve each equation. x610x -9
-
Sweet Candy Company wants to sell its candy in a normal-sized package labeled Gigantic Size. Fine Fabrics, Inc., wants to advertise its sweaters as having That Wool Feel, but does not want to specify...
-
Innovative Marketing, Inc. (IMI), sold scarewarecomputer security software. IMIs ads advised consumers that a scan of their computers had detected dangerous filesviruses, spyware, and illegal...
-
Should consumer protection laws be strictly enforced when consumers abuse those laws? Explain your answer.
-
Indicate whether the following managerial policy increases the risk of a death spiral:Use of low operating leverage for productionGroup of answer choicesTrueFalse
-
It is typically inappropriate to include the costs of excess capacity in product prices; instead, it should be written off directly to an expense account.Group of answer choicesTrueFalse
-
Firms can avoid the death spiral by excluding excess capacity from their activity bases. Group of answer choicesTrueFalse
Study smarter with the SolutionInn App