Which of the Following Would Most Likely Be Enforceable

question 55

Multiple Choice

Which of the following would most likely be enforceable?

• A) An agreement supported by past consideration
• B) A substitute agreement to settle an undisputed debt
• C) A debt agreed to seven years ago in a state where the statute of limitations is six years
• D) A promise following the rendering of emergency services that is not supported by new consideration

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Definitions:

Linear Programming

A mathematical method for determining a way to achieve the best outcome in a given mathematical model for some list of requirements represented as linear relationships.

Sensitivity Analysis

A method used to predict the outcome of a decision under various scenarios by changing one or more variables while keeping others constant.

Variables

Elements, features, or factors that are likely to vary or change; can be quantitative or qualitative in research and statistical analysis.

Shadow Price

A theoretical price representing the cost or benefit of having one additional unit of a particular resource in a constraint optimization problem.