Author Question: The promise or obligation of each party to a contract must be supported by consideration in order ... (Read 156 times)

FButt

  • Hero Member
  • *****
  • Posts: 519
The promise or obligation of each party to a contract must be supported by consideration in order for the contract to be valid.
  Indicate whether the statement is true or false

Question 2

Consideration is not required in:
 A) contracts for the sale of goods.
 B) employment contracts.
 C) agreements to modify employment contracts.
 D) agreements to modify contracts for the sale of goods.



kjohnson

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

TRUE

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

For a complete list of videos, visit our video library