Which Statement Most Accurately Describes the Requirement of Consideration

question 2

Multiple Choice

Which statement most accurately describes the requirement of consideration?

• A) As long as one party provides consideration,the promise will be binding.
• B) All promises are legally binding,whether or not consideration is provided.
• C) Consideration must be fair and adequate.
• D) Consideration may take the form of a promise in exchange for a promise.

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Definitions:

Field Size

Determines the maximum amount of data, in characters or bytes, that can be stored in a specific field within a database.

Short Text

A data type used in database fields designed to hold alphanumeric characters, generally limited to a specified number of characters.

Data Redundancy

The unnecessary repetition of data within a database, which can lead to inconsistencies and increased storage.

Foreign Key

A field in a database table that is a primary key in another table, used to create a link between the two tables.