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 22 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
Wow, this really help

elyse44

  • Member
  • Posts: 319
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

The surgical nurse assists the client into the correct position The surgical nurse assists the client into the correct position
Correct use a fire extinguisher Correct use a fire extinguisher
Which of the following statements is true of linkage? Which of the following statements is true of linkage?
If the valve clearance (lash) is not correct, loosen the retaining nut and turn the valve adjusting ... If the valve clearance (lash) is not correct, loosen the retaining nut and turn the valve adjusting ...
A(n) _____ is a spur-of-the-moment question. Fill in the blank(s) with correct word A(n) _____ is a spur-of-the-moment question. Fill in the blank(s) with correct word
Is my concept map correct? (Grade 12 Bio) Is my concept map correct? (Grade 12 Bio)
Video: Protein catabolism - deamination

For a complete list of videos, visit our video library