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Author Question: Which of the following best describes the term consideration? A) It refers to the record of a case ... (Read 110 times)

bb

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on: Jun 24, 2018
Which of the following best describes the term consideration?
 A) It refers to the record of a case sent for review to a higher court.
 B) It indicates what the promisor demands and receives as the price for a promise.
 C) It signifies a promissory note given by the promisor as a token of the transaction.
 D) It refers to the promisor refraining from meeting a promise.

Question 2

Under the majority view, a contract that does not satisfy the statute of frauds is not enforceable.
  Indicate whether the statement is true or false


harveenkau8139

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

TRUE


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