Question
Multiple choice question Which of the following is correct about consideration in commercial contracts? a) consideration is usually required for commercial agreements to be enforceable
Multiple choice question
Which of the following is correct about consideration in commercial contracts?
a) consideration is usually required for commercial agreements to be enforceable contracts, except in the case of deeds.
b) Consideration is always present in commercial agreements, so doesn't ever lead to any problems in relation to forming commercial contracts.
c) When agreements are in writing, the fact that they are written shows that they are serious and consideration is not required for there to be a binding contract.
d) Consideration is always required for promises to be enforceable, even in the case of deeds
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started