Exam 12: Consideration

Nancy,who lives in Birdville,wants to open a McHenry Roast Chicken franchise.Mark,a representative of McHenry,told Nancy,"If you will buy a lot and build a building in River City,we will give you a franchise." Nancy bought the lot and built the building as instructed only to discover that McHenry had awarded the franchise to a large corporation.McHenry claims no liability to Nancy since there was no consideration.Which statement best describes the situation?

(Multiple Choice)

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Question 81

Define legal detriment.

(Short Answer)

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Question 82

"Consideration" requires an actual benefit to both sides of an agreement.

(True/False)

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Question 83

Wayne helped Hank study all night for an important exam.After Hank got an "A" on the exam,he told Wayne,"I will give you $10 for helping me get a good grade." Wayne said,"Thanks,I'll take it." There is:

(Multiple Choice)

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Question 84

Showing 81 - 84 of 84

Exam 12: Consideration

Define legal detriment.

"Consideration" requires an actual benefit to both sides of an agreement.

Wayne helped Hank study all night for an important exam.After Hank got an "A" on the exam,he told Wayne,"I will give you $10 for helping me get a good grade." Wayne said,"Thanks,I'll take it." There is:

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