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
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