Which of the Following Can Be Considered Consideration

question 19

Multiple Choice

Which of the following can be considered consideration?

• A) a promise to perform a service in the future
• B) payment of cash
• C) actual performance of a service
• D) B and C only
• E) A,B,and C

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Definitions:

Cash Discounts

are reductions in price offered to buyers as an incentive for early payment of their bills, used to improve cash flow.

No-Doubt Security Products

Security products or solutions that offer undeniable protection and reliability, leaving no room for uncertainty or risk.

2/10 Net 30

A common payment term indicating that a buyer can take a 2% discount on the invoice price if payment is made within 10 days; otherwise, the net (full) amount is due within 30 days.

Trade Discount

A reduction in the listed price of goods or services provided by the seller to those in the same trade or industry.