Author Question: The promise or obligation of each party to a contract must be supported by consideration in order ... (Read 131 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?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

For a complete list of videos, visit our video library