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31. For the consideration exchanged under a contract to be valid consideration, it must: a. Be subjectively worthy c. Be a fair exchange b. Be
31. For the consideration exchanged under a contract to be valid consideration, it must: a. Be subjectively worthy c. Be a fair exchange b. Be practically sound d. have legal value 32. An agreement to give a gift to another is not an enforceable contract because: a. Making a gift legally enforceable cheapens it c. the gift was too small b. Society rejects redistribution of wealth d. there is no consideration 33. The "Fly by Night" construction company agrees to build a steam room for a set price for Sweaty Spa. When ordinary construction problems arise, Fly by Night request more money to complete the contract. The Sweaty Spa agrees. After the work is completed Sweaty Spa refuses to pay the increased price and Fly by Night sues them. The trial court would likely: a. Enforce the higher price c. negotiate a compromise price b. Reject the higher price d. take the day off 34. Don's father promises him $4,000,000 when he graduates from college if he, the father, "feels like giving it to him at the time." The father's promise is: a. Illusory c. a contract b. A forbearance d. a preexisting duty
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