Which of the Following Gratuitous Promises Is/are Enforceable by Statute

question 52

Multiple Choice

Which of the following gratuitous promises is/are enforceable by statute?

• A) A good-faith contract modification in a contract for the sale of goods
• B) A written offer signed by a merchant to buy or sell goods that assures it will be kept open for one month
• C) A renunciation of a claim in a written waiver that is signed and delivered by the aggrieved party when the contract involves a sale of goods
• D) All of these are enforceable by statute.

Analyze the concept of consideration and its role in validating agreements.

Distinguish between enforceable promises, releases, and accord and satisfaction.

Explore the impact of unforeseen events on the enforceability of agreements.

Comprehend the legal implications of illusory promises and promissory estoppel.