Which of the Following Requires Consideration in Order to Be

question 38

Multiple Choice

Which of the following requires consideration in order to be binding upon the parties?

• A) A written promise by a merchant to keep an offer to buy goods open for 14 days
• B) Material modification of a sale of goods contract under Article 2 of the UCC
• C) Material alteration of a personal service contract
• D) Settlement of a disputed debt

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Definitions:

SAT Math

A section of the SAT exam that tests mathematical knowledge and skills, including algebra, geometry, data analysis, and problem-solving.

Normal Distribution

The normal distribution is a bell-shaped curve, describing the spread of a set of data where most values cluster around a mean value.

Confidence Interval

A group of values, culled from sample statistical analysis, expected to cover the value of an unknown population parameter.

Sample Mean

The average value of a set of observations drawn from a population, used as an estimate of the population mean.