Contracts Binding Without Consideration Include Promises to Pay Debts Barred

question 15

True/False

Contracts binding without consideration include promises to pay debts barred by a statute of limitations and debts discharged in bankruptcy.

---

Definitions:

Critical Path Method

A project management technique used to schedule project activities by identifying the longest sequence of dependent tasks.

Gantt Chart

A graphical display of the scheduling of tasks required to complete a project.

One-Time Events

Occurrences or activities that happen once and are not repeated, often unique or significant in nature.

Defined Time Period

A set duration, clearly specified, within which activities, processes, or events are to be initiated and completed.