Exam 12: Consideration

Nathan entered a contract while he was seventeen.If, upon reaching the age of majority, he has not avoided the contract and promises to perform those contractual obligations, new consideration is required for the contract to be enforceable.

(True/False)

4.9/5

(76)

Question 81

Aron ordered an truck bed toolbox for $249.99.Before it was delivered, the same store from which he ordered the toolbox ran an ad in the paper for the same toolbox at $179.99.Aron called the store and demanded the advertised price.If the store says "okay":

(Multiple Choice)

4.7/5

(71)

Question 82

If Marguarite promises to pay Neal $300 not to defame her, the promise is unenforceable because tort law imposes a preexisting obligation on Neal to refrain from such an act.

(True/False)

4.9/5

(70)

Question 83

Define consideration.

(Essay)

4.8/5

(83)

Question 84

Alice says to Brian, "If I decide to buy a digital camera next year, I will buy it from you." This is an example of:

(Multiple Choice)

4.7/5

(82)

Question 85

There are certain transactions that are enforceable without consideration.These include:

(Multiple Choice)

4.9/5

(80)

Question 86

Showing 81 - 86 of 86

Exam 12: Consideration

Nathan entered a contract while he was seventeen.If, upon reaching the age of majority, he has not avoided the contract and promises to perform those contractual obligations, new consideration is required for the contract to be enforceable.

Aron ordered an truck bed toolbox for $249.99.Before it was delivered, the same store from which he ordered the toolbox ran an ad in the paper for the same toolbox at $179.99.Aron called the store and demanded the advertised price.If the store says "okay":

If Marguarite promises to pay Neal $300 not to defame her, the promise is unenforceable because tort law imposes a preexisting obligation on Neal to refrain from such an act.

Define consideration.

Alice says to Brian, "If I decide to buy a digital camera next year, I will buy it from you." This is an example of:

There are certain transactions that are enforceable without consideration.These include:

Introduction to Law

Business Ethicspart Ii: the Legal Environment of Business

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Negligence and Strict Liabilitypart Iii: Contracts

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Illegal Bargains

Contractual Capacity

Contracts in Writing

Third Parties to Contracts

Performance, Breach, and Discharge

Contract Remediespart Iv: Sales

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Product Liability: Warranties and Strict Liability

Sales Remediespart V: Negotiable Instruments

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transferspart Vi: Agency

Relationship of Principal and Agent

Relationship With Third Partiespart Vii: Business Associations

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature and Formation of Corporations

Financial Structure of Corporations

Management Structure of Corporations

Fundamental Changes of Corporationspart Viii: Debtor and Creditor Relations

Secured Transactions and Suretyship

Bankruptcypart Ix: Regulation of Business

Securities Regulation

Intellectual Property

Employment Law

Antitrust

Accountants Legal Liability

Consumer Protection

International Business Lawpart X: Property

Introduction to Property, Property Insurance, Bailments, and Documents of Title

Interests in Real Property

Transfer and Control of Real Property

Trusts and Wills

Filters