Which of the Following Is NOT True About Consideration

question 26

Multiple Choice

Which of the following is NOT true about consideration?

• A) Consideration must be sufficient.
• B) Consideration has to be adequate.
• C) A gratuitous promise is not supported by consideration.
• D) Consideration can be in the form of a detriment to a party.
• E) Consideration must be of some value in the eyes of the law.

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Definitions:

Preparation

The action or process of making ready or being made ready for use or consideration.

Follow-Up

The act of maintaining contact with a potential or current customer after an initial meeting, presentation, or sale, to ensure satisfaction and encourage repeat business.

LinkedIn

A social networking platform designed for professionals to connect, share, and discover opportunities in their industries.