This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements is correct with respect to the law of consideration? (Read 71 times)

littleanan

  • Hero Member
  • *****
  • Posts: 575
on: Aug 7, 2021
Which of the following statements is correct with respect to the law of consideration?
◦ For a contract to be binding, something valuable must have changed hands. This consideration may have been paid before the agreement (past consideration) or at the time of the agreement (present consideration), but future consideration is no consideration.
◦ Consideration need not be specific, but both parties must get something out of the deal.
◦ The amount of consideration to be paid in a contract must be reasonable (that is, fair) from the point of view of each party.
◦ Consideration must have some value but need not be specific.
◦ Without consideration or a seal, there can be no contract.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by littleanan on Aug 7, 2021

prumorgan

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


littleanan

  • Member
  • Posts: 575
Reply 2 on: Aug 7, 2021
Excellent

parker125

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Ratings of Perceived Contradictions in Political Statements Ratings of Perceived Contradictions in Political Statements
The correct beginning position for the patient’s feet and crutches (tripod position). The correct beginning position for the patient’s feet and crutches (tripod position).
Growth cones. The cytoplasmic fingers (the filopodia) of growth cones seem to grope for the correct ... Growth cones. The cytoplasmic fingers (the filopodia) of growth cones seem to grope for the correct ...
Examples of Mission Statements Examples of Mission Statements
How to convert verbal statements into algebraic equations (Part 4) How to convert verbal statements into algebraic equations (Part 4)
How humans maintain homeostasis with respect to water and ions How humans maintain homeostasis with respect to water and ions
Video: Ciliate conjugation Animation

For a complete list of videos, visit our video library