Question 82 pts A gratuitous promise is a promise made without consideration. Group of answer choices True
Question:
Question 82 pts
A gratuitous promise is a promise made without consideration.
Group of answer choices
True
False
Flag question: Question 9Question 92 pts
Which of the following is not correct with regard to consideration?
Group of answer choices
In a unilateral contract, a promise is exchanged for an act or forbearance to act.
In a bilateral contract, there is an exchange of promises.
Legal sufficiency is always related to adequacy of consideration.
Consideration can be a legal detriment.
Question 112 pts
Abbey helped Greyson study for an important exam for about 8 hours. After Greyson got an "A" on the exam, he told Abbey, "I will give you $25 for helping me get a good grade." Abbey said, "Thanks, I'll take it." There is:
Group of answer choices
no contract because there is no mutual assent.
no contract because there is no valid consideration.
no contract because $25 is not adequate consideration for 8 hours work.
a contract with sufficient consideration.
Question 132 pts
Which of the following would not be enforceable without additional consideration?
Group of answer choices
A promise to pay a debt barred by the statute of limitations.
A promise to pay a debt discharged in bankruptcy where the promise meets the requirements of the Bankruptcy Code.
A promise which falls within the doctrine of promissory estoppel.
The settlement of an undisputed debt.
Question 152 pts
The UCC provides that a contract for the sale of goods cannot be effectively modified without new consideration.
Group of answer choices
True
False
Flag question: Question 16Question 162 pts
Bob promises to sell to Candy an automobile for $20,000, for which Candy promises $20,000. A unilateral contract exists.
Group of answer choices
True
False
Question 222 pts
A bank robbery has occurred, and the banker's association has offered a $1,000 reward for information leading to the arrest and conviction of the robber. Several people are claiming to be entitled to the money. Which of them is eligible?
Group of answer choices
The employees of the bank.
An on-duty sheriff's deputy in the county where the arrest occurred.
An off-duty deputy sheriff from a county other than the one where the arrest occurred.
None of these are eligible.
Question 252 pts
An illusory promise is consideration for a return promise.
Group of answer choices
True
False