Which of the Following Would a Court NOT Regard as Consideration

question 45

Multiple Choice

Which of the following would a court NOT regard as consideration of the part of a party to a contract?

• A) a promise to pay for what the other party has already done
• B) a promise to pay money to the other party in the future
• C) money paid to the other party
• D) giving up what the party honestly believes is a right to sue
• E) A promise to pay money to a third party who is not a party to the contract

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Definitions:

Bootstrap Confidence Interval

A method for estimating the confidence interval of a parameter by resampling with replacement from the data set and calculating the interval for each sample.

Median Weight

The middle value in a data set when the weights are arranged in ascending or descending order, effectively dividing the distribution into two equal parts.

Toronto

A major Canadian city in Ontario, known for its high population density, cultural diversity, and landmarks such as the CN Tower.

Probability

A measure quantifying the likelihood that an event will occur, expressed on a scale from 0 (impossible) to 1 (certain).