Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If the accounting department professional services firm promises to provide accounting services to another business, which of the following is INCORRECT about consideration? a) If

If the accounting department professional services firm promises to provide accounting services to another business, which of the following is INCORRECT about consideration?

a) If the other business promises to pay $100,000 in the future, there is good consideration

b) if nothing is promised in return, there is no good consideration

c) there doesn't need to be consideration for the promise to be enforceable if the promise is contained in a deed

d) if the other business promises $100,000 in the future, there is no good consideration because nothing has been done yet.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Law questions